Raymond Gaspar

About Raymond Gaspar

Raymond Gaspar is a consultant in the Economic Research and Regional Cooperation Department of the Asian Development Bank.
Author Archive | Raymond Gaspar
Health, Poverty, Social development and protection

COVID-19 hitting migration and remittances hard in developing Asia

COVID-19 hitting migration and remittances hard in developing Asia
The coronavirus disease (COVID-19) pandemic has devastated economies worldwide, slashing jobs and incomes. The Asian Development Bank (ADB) (2020a) estimates that employment in Asia and the Pacific will fall by as much as 167 million jobs in 2020 should containment measures last 6 months from when the outbreak first intensified in the respective countries. In turn, wage incomes in the region are projected to fall from $359 billion to $550 billion.