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Moody’s Investors Service

Moody’s Investors Service latest

Moody’s: Global Remittance to Plummet 20 Percent in 2020
August 3rd, 2020 - 07:30 GMT

Moody’s: Global Remittance to Plummet 20 Percent in 2020

Countries most dependent on global remittance transfers will face credit risks in 2020 due to the expected drop in such inflows, according to Moody’s Investors Service. Global remittances are set to decline by $110 billion or 20% in 2020, after reaching its highest levels at $554 billion in 2019. “Low and middle-income countries mainly depend on global remittance transfers for their economy. Therefore, the growths of these economies will slowdown ...
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After Coronavirus, Is There Still Hope For the Global Economy to Recover?
February 18th, 2020 - 10:26 GMT

After Coronavirus, Is There Still Hope For the Global Economy to Recover?

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