[Financial Express]Asia-Pacific to bear the brunt of COVID-19 crisis, may see $31.4-54.3 billion remittance losses: ADB
The countries likely to face more severe effects from the pandemic-induced decline in remittance inflows are the ones where remittance shares to gross domestic product (GDP) and per capita remittances are high.Asia Pacific, which accounts for a third of the global migrant workforce, is likely to face remittance losses ...