The Biggest Challenge in 2009: Remittances Reduction

Publishing date: Monday, 26 January 2009
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Economic Commentary, no. 38

The second quarter of the year 2008 has seen a reversal in the growing trend of the flows of money remitted from abroad by physical persons. After the record-breaking volume of USD 180.79 million in July, during the next four months the volume of money remitted from abroad has constantly shrunk, reaching only USD 111.03 million in November. How much should we be worried about these trends?

Full version available only in Romanian: http://expert-grup.org/ro/activitate/comentarii/item/591-provocare-major%C4%83-a-anului-2009-reducerea-remiten%C5%A3elor&category=5

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