Strategy Note /

Remittances: Better than feared so far (in two charts)

In April, the World Bank forecast a potential drop of 20% in global remittances but, so far, the data is much better
A range from 12% decline to 15% growth ytd in a sample of remittance-dependent countries; either the worst is over or...
...data is flattered by (1) shift to official channels (less travel), (2) Eid timing, (3) final remits after job losses

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

17 September 2020

Published byTellimer Research

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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

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