Thursday, June 11, 2020
The contraction, after several years of robust growth, will stem from a deep recession and measures to contain the spread of COVID-19.
- Rising unemployment in South American countries hosting Venezuelan migrants, and the return of many to Venezuela, will cut remittances.
- Efforts to educate migrants on using digital channels to send money home are likely to increase.
- Hostile attitudes towards immigrants in LAC will rise as a result of the economic crisis.