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Greg Siskind on Immigration Law and Policy

MPI: RECESSION IMPACTING GLOBAL MIGRATION PATTERNS

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The Migration Policy Institute has released a report outlining the impact of the global downturn on the movement of immigrants. Key findings include the following:

o    The recession has dampened the movement of economic migrants to the major immigrant-receiving regions of the world. And, counter to some widely held public perceptions, immigrants overwhelmingly are choosing to stay put in their adopted countries rather than return home despite higher unemployment and lack of jobs.

o    While the overall picture is one of sharp remittance decline, some regions are experiencing remittance increases or are holding steady. Though remittances have dropped globally amid the downturn, they remain an important source of income for immigrant-sending countries as other financial streams, including export revenue and other forms of foreign private investment, have proven much more volatile. 

o    The recession has hit migrants and their financial well-being particularly hard, with repercussions not only for the migrants themselves and their households but for immigrant-sending and receiving countries alike.

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