The Migration Factor in the Midst of the Covid Pandemic

... capital as well as international trade and the movement of goods across borders were also affected, but the effects of the shutdown and quarantine measures on migration and human capital were arguably more severe. According to the estimates of the World Bank in the course of 2020 the world economy will witness a 20% reduction in the size of remittances, with some of the most significant declines observed in Europe and Central Asia (27.5 percent), followed by Sub-Saharan Africa (23.1 percent), South ...