Strategy Note /
Global

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

Remittances forecast raised by World Bank but there are downside risks
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
18 November 2021
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