GeriGulf Conflict Jeopardizes Billions in Remittances Vital for Families in Asia and Africa

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Economic Times22.06.2026BusinessIndia

Gulf Conflict Jeopardizes Billions in Remittances Vital for Families in Asia and Africa

remittances migrant workers Gulf conflict

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A protracted conflict in the Gulf is jeopardizing billions in remittances vital for families across Asia and Africa.
Migrant workers face job insecurity and rising costs, with some depleting savings.
Economists predict regional growth slowdowns, highlighting the precarious economic model reliant on foreign labor.

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A protracted conflict in the Gulf is jeopardizing billions in remittances vital for families across Asia and Africa. Migrant workers face job insecurity and rising costs, with some depleting savings. Economists predict regional growth slowdowns, highlighting the precarious economic model reliant on foreign labor.

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