Even When They Lost Their Jobs, Immigrants Sent Money Home

“Mr. Perlera and many other immigrants like him have managed to continue sending substantial amounts of money home, even after the coronavirus pushed their own jobs and earnings into free fall — belying early warnings of a dire global consequence from the pandemic. The World Bank had predicted in April that remittances transferred to Latin America and the Caribbean by immigrants would plunge by almost 20 percent this year, “ their sharpest decline in recent history ,” as workers were laid off or their hours slashed. But that forecast, as well as others from international financial analysts, is unlikely to materialize if current trends hold.”

Even When They Lost Their Jobs, Immigrants Sent Money Home
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