
About James Villafuerte
James P. Villafuerte is a senior economist in the Economic Research and Regional Cooperation Department of the Asian Development Bank.COVID-19 hitting migration and remittances hard in developing Asia
By Aiko Kikkawa Takenaka, James Villafuerte, Raymond Gaspar and Badri Narayanan. Posted August 25, 2020

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.


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Recent Posts
- The Promise and Perils of Mother Tongue-Based Education
- From Crisis to Resilience: The Evolution of the Banking Sector in Asia and the Pacific
- Tariffs on the Table: What Could Be Asia’s Next Move?
- Investing in Childcare a Win for Women and the Economy
- Flush and Flourish: Upgraded Toilets Can Transform Lives in Rural Asia
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