Strategy Note /Global
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
Strategy & Head of Equity Research @ Tellimer Research