Growth slowdown hits immigrant remittances

(ANSA) - ROME, APR 8 - Italy's economic slowdown in 2023 also affected immigrants' remittances to foreign countries, which, according to Bank of Italy tables, decreased by 0.4% after the previous year's growth.
    In detail, foreign citizens sent 8.1 billion euro to their countries of origin compared to 8.2 billion in 2022.
    In the fourth quarter, in line with the GDP slowdown, remittances fell by 2.4%.
    The top three recipient countries of remittances in 2023 remained Bangladesh, Pakistan and the Philippines, which received 14.3, 8.3 and 7.3% of the flow respectively. (ANSA).