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Migration and Development Brief 33 Phase II: COVID-19 Crisis Through a Migration Lens

The economic crisis induced by COVID-19 could be long, deep, and pervasive when viewed through a migration lens. In October 2020, COVID19 case numbers rose again to surpass 44 million. The number of fatalities surpassed 1.1 million. A recurrence of COVID19 phases accompanied by lockdowns, travel bans, and social distancing cannot be ruled out well into 2021. Although economic activities and employment levels around the world have rebounded to varying degrees from the depths reached in Q2, they are still far from the pre-crisis levels, and the near-term outlook remains uncertain. For the first time in recent history, the stock of international migrants is likely to decline in 2020, as new migration has slowed and return migration has increased.

The latest Migration and Development Brief provides updates on global trends in migration and remittances.

World Bank
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.