Fall in remittances from Gulf to APAC countries; impacts ratings
Hyderabad(Hyd): The COVID-19 epidemic & its subsequent effect on the oil market is having a considerable impact on migrant labour & are likely to suppress remittance flows within the Asia-Pacific (APAC) area, Fitch Ratings stated in a record. The credit-rating agency forecasts at the least 12 percent decline within the remittances within the 2nd half of …