Remittance Inflow in Bangladesh to fall sharply

According to a report by United News Bangladesh (UNB), in addition to the hit on export earnings, Bangladesh’s economy is likely to experience another major shock in future due to a slowdown in remittance inflow caused by impacts from the Coronavirus. The halt on economic activities worldwide due to the restrictions and limitations brought about by the Coronavirus, has left many wage earners with little to no income.

As mentioned in the report, remittances from migrant workers are the main source of income for a large number of rural families in the country.

UNB stated that over 10 million Bangladeshi Nationals located across the world remitted a total of USD 18.32 Billion in...