Remittances: how much will Colombians stop receiving due to recession – Sectors – Economy
While the unemployment rate in the united states remains relatively low, 3.6 percent at the end of last June, and the price of the dollar in Colombia continues above 4,000 pesos, as some analysts predict, the flow of foreign currency to emerging economies, such as Colombia, will not be will be so impacted in the remainder of this year. It will also be necessary that the global slowdown not be so deep that it doesn’t affect that flow next year.
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Moreover, some analysts believe that this year Colombia could experience a new record figure in terms of remittances, as was observed in 2021 when income to the country for that concept was around 8,600 million dollars, equivalent to about 32.