Outlook for Remittance Flows 2008-2010 : Growth Expected to Moderate Significantly, But Flows to Remain Resilient

The outlook for remittances for the rest of 2008 and 2009-10 remains as uncertain as the outlook for global growth, oil and non-oil commodity prices, and currency exchange rates. In the past, remittances have been noted to be stable or even counter...

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Bibliographic Details
Main Authors:	Ratha, Dilip, Mohapatra, Sanket, Xu, Zhimei
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AVERAGE VALUE OF REMITTANCES BALANCE OF PAYMENTS BALANCE OF PAYMENTS STATISTICS BANKING SECTOR BENEFICIARY BUSINESS CYCLE CAPITAL FLOWS CENTRAL BANKS COMMODITIES COMMODITY COMMODITY PRICES COMPENSATION OF EMPLOYEES CONSTANT EXCHANGE RATE CONTRIBUTION OF REMITTANCES CURRENCY EXCHANGE CURRENCY VALUE CURRENT ACCOUNT CURRENT ACCOUNT BALANCE DATA ON REMITTANCES DECELERATION IN GROWTH DEPRECIATION DESTINATION COUNTRY DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DOLLAR EXCHANGE RATE DOMESTIC INFLATION ECONOMIC CRISIS ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC PERFORMANCE ECONOMIC SLOWDOWN EMPLOYERS ENFORCEMENTS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXTERNAL POSITION FAMILIES FINANCIAL CRISIS FINANCIAL OBLIGATIONS FOREIGN EXCHANGE FOREIGN EXCHANGE EARNINGS FOREIGN INVESTMENT FOREIGN INVESTMENT FLOWS GLOBAL ECONOMIC PROSPECTS GLOBAL LIQUIDITY GROSS DOMESTIC PRODUCT GROWTH OF REMITTANCES GROWTH RATE HOST COUNTRIES HOST COUNTRY HOUSEHOLD INCOME INCOME INCOME DIFFERENTIAL INCOME SHOCKS INCOMES INFLATION INFORMAL CHANNELS INFRASTRUCTURE PROJECTS INSURANCE INTERNATIONAL MIGRANTS INVESTMENT PURPOSES LABOR MARKET LIQUIDITY LOCAL CURRENCIES LOCAL CURRENCY MARKET DEMANDS MIGRANT TRANSFERS MIGRANT WORKERS MONEY HOME MONEY TRANSFER MONEY TRANSFER COMPANY OIL PRICE OIL PRICES PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PUBLIC EXPENDITURE PURCHASING POWER RATE OF GROWTH RECESSION RECIPIENT COUNTRIES RECIPIENT HOUSEHOLDS RECIPIENTS OF REMITTANCES REMITTANCE REMITTANCE COSTS REMITTANCE DATA REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE INFLOWS REMITTANCE OUTFLOWS REMITTANCE RECEIVING REMITTANCES REMITTANCES FOR INVESTMENT REMITTANCES REMITTANCES RESERVES RETURN RETURN MIGRATION SAVINGS SEND REMITTANCES SLOWDOWN SOCIAL SECURITY STOCKS TRANSACTION UNCERTAINTIES UNCERTAINTY UNEMPLOYMENT UNEMPLOYMENT INSURANCE UNION
Online Access:	http://documents.worldbank.org/curated/en/2008/11/10075023/outlook-remittance-flows-2008-2010-growth-expected-moderate-significantly-flows-remain-resilient http://hdl.handle.net/10986/11008

Description
Summary:	The outlook for remittances for the rest of 2008 and 2009-10 remains as uncertain as the outlook for global growth, oil and non-oil commodity prices, and currency exchange rates. In the past, remittances have been noted to be stable or even counter-cyclical, during an economic downturn in the recipient economy, and resilient in the face of a slowdown in the source country. This time, however, the crisis has affected all countries, creating additional uncertainties.

Outlook for Remittance Flows 2008-2010 : Growth Expected to Moderate Significantly, But Flows to Remain Resilient

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