Migration and Development Brief
Migration and Development Brief 32: COVID-19 Crisis Through a Migration Lens
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country.
Date
April
2020
Report Chapters and Remittance Inflows and Outflows Data
FULL REPORT
- Viewing the COVID-19 Crisis through a Migration Lens
- Impacts on Employment of Foreign Workers and Their Earnings.
- Impacts on Internal Migration
- Remittance Flows to Decline in 2020
- Slower Progress in Reducing Remittance Costs and other Migration-related Development Goals
- Policy Responses Should Be Inclusive of Migrants and Their Remittances
- Regional Trends in Migration and Remittance Flows
- East Asia and the Pacific
- Europe and Central Asia
- Latin America and the Caribbean
- Middle East and North Africa
- South Asia
- Sub-Saharan Africa
- Appendix: Data Notes and Methodologies for Forecasting Remittances and FDI
- A.1 Estimation of Remittance Flows for 2019
- A.2 Methodology for Forecasting Remittances for 2020
- A.3 Data on Remittances, Gross Domestic Product, Remittance Prices, Refugees, and Other Variables
- A.4 Caveats
- A.5 Methodology for Forecasting Foreign Direct Investment
- References
- Endnotes