US $15million increase in remittance inflows

[evanovitch]

US $15million increase in remittance inflows


Data from the Central Bank show a 15 million US dollar increase in net remittance inflows to Jamaica during the first quarter of the year.

Between January and March remittances totalled 436-point-7 million US dollars up from 421 million US during the corresponding period last year.

This resulted from higher gross inflows though partially offset by an upturn in remittance outflows.

The Central Bank says the increase in remittance inflows occurred against the backdrop of improving macro-economic conditions in source economies.

It has forecast that the increase in remittance flows will continue as those countries continue to recover from the global economic downturn.
<span style="font-weight: bold">guess dis is one way di govament a get more money into Ja...</span>

[RichD]

Re: US $15million increase in remittance inflows

the US (and other source economies) could start using this as a barometer of economic growth.

[Wahalla]

Re: US $15million increase in remittance inflows

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">the US (and other source economies) could start using this as a barometer of economic growth. </div></div>

that is very true.. and it is a barometer of confidence....which is the basis of the economy...

[evanovitch]

Re: US $15million increase in remittance inflows

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Wahalla</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">the US (and other source economies) could start using this as a barometer of economic growth. </div></div>



that is very true.. and it is a barometer of confidence....which is the basis of the economy... </div></div>

then again those who sending could be diverting from dem own spending to meet obligations bak home...discretionary spending curtailed etc etc etc

[Wahalla]

Re: US $15million increase in remittance inflows

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Wahalla</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">the US (and other source economies) could start using this as a barometer of economic growth. </div></div>



that is very true.. and it is a barometer of confidence....which is the basis of the economy... </div></div>

then again those who sending could be diverting from dem own spending to meet obligations bak home...discretionary spending curtailed etc etc etc
</div></div>

I thought that initially, but I would suspect that when times are hard, u send less not stop completely.....an increase makes sense of confidence....I dont know I am just wondering....

[evanovitch]

Re: US $15million increase in remittance inflows

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Wahalla</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Wahalla</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">the US (and other source economies) could start using this as a barometer of economic growth. </div></div>



that is very true.. and it is a barometer of confidence....which is the basis of the economy... </div></div>

then again those who sending could be diverting from dem own spending to meet obligations bak home...discretionary spending curtailed etc etc etc
</div></div>

I thought that initially, but I would suspect that when times are hard, u send less not stop completely.....an increase makes sense of confidence....I dont know I am just wondering.... </div></div>

a $20 increase is neither here nor there for the person sending to Ja...we know dat wages not increasing in the US but we know dat prices have in Ja and that the dollar slid last week...so we know dat more money going to have to be sent to meet current bills in Ja..is not like parents can stop feed dem kids down dere or pay pon di house dem built...