Strategy Note /

Remittances forecast raised by World Bank but there are downside risks

World Bank forecasts remittance growth of, respectively 7.3% and 2.6% in 2021 and 2022 (versus 2.6% and 2.2% previously)
Downside risks to forecasts: fiscal taper in source countries and deceleration of digital transfers as travel re-opens
Growth not always for good or sustainable reasons: devaluation, Afghan spillover in Pakistan, smuggling fees in Mexico

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

18 November 2021

Published by

Tellimer Research

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