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Global remittances to slow down in 2015 say WorldBank report
Growth in global remittances, including those to developing countries, will slow sharply in 2015 due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble, says the latest issue of the World Bank’s Migration and Development Brief. Officially recorded remittances to the developing world are expected to reach USD 440bn in 2015, an increase of 0.9% over the previous year. Global remittances, including those to high…
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