World Bank: Global Remittances Set To Decline Sharply As A Result Of Coronavirus [Forbes]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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Source: Forbes
Western Union advertises money orders along a Mumbai highway. India is the world's largest recipient... [+]of remittances, receiving around $79bn in 2018.Corbis via Getty ImagesThe World Bank has predicted global remittances, the money sent home from people working abroad, will fall by around 20% in 2020 as economic activity grinds to a halt due to the coronavirus pandemic and labor migrants lose wages and access to remittance services. The Bank, which released a report on the issue today, recommends making remittances cheaper and classifying them as “essential” services to prevent families falling over the edge into severe poverty.“Migrant remittances provide an economic lifeline to poor households in many countries,” reads the report. “A reduction in remittance flows could increase poverty and reduce households’ access to much-needed health services.”In 2019, low- and middle-income countries (LMICs), commonly known as developing countries, received around $554 billion in remittance
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WU
Earnings
- 10/23/25 - Beat
WU
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/12/25 - Form 4
- 11/6/25 - Form 8-K
- WU's page on the SEC website