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The Western Union Company: Der Rücküberweisungseffekt: Global Citizens werden zu wirtschaftlichen Erstversorgern der Entwicklungsländer
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Der Rücküberweisungseffekt: Global Citizens werden zu wirtschaftlichen Erstversorgern der Entwicklungsländer
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The Remittance Effect: Global Citizens Emerge as Economic First Responders of the Developing World
Wednesday, January 27, 2021 3:08PM IST (9:38AM GMT)
New Oxford Economics Report Denver, United States:
Person-to-person ( P2P ) international transfers, or remittances, sent by global citizens to their homelands represent the largest foreign economic support structure for developing economies. According to a new report by Oxford Economics, commissioned by Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement, remittances have helped smooth COVID-19 pandemic-induced economic shocks, increasing the resilience of developing nations throughout 2020 and presenting a potential lifeline for recovery in 2021 and beyond.
The Remittance Effect: Global Citizens Emerge as Economic First Responders of the Developing World (Graphic: Business Wire)