The Great Remittance Mystery

OCT 23, 20209 MIN
The Indicator from Planet Money

The Great Remittance Mystery

OCT 23, 20209 MIN

Description

In 2019, migrants sent a record $500 billion back to their countries of origin. Then COVID hit, and the World Bank predicted a 20 percent drop in that flow of cash. But now the data is in, and it turns out remittances have held steady.