The Great Disruption caused by the COVID-19 pandemic has turned the global economy upside down, destroying millions of jobs and livelihoods. The global economic decline of 4.3 per cent in 2020 was the worst since the Great Depression and three times as bad as the contraction suffered during the Great Recession in 2009, found UN DESA’s World Economic Situation and Prospects 2021 report.
Migration has the potential to reduce inequalities. By moving within or across national borders, migrants contribute to inclusive growth and sustainable development. In their home countries, international migrants promote investment, trade and financial inclusion and their remittances have lifted millions of migrant families out of poverty and improved their access to health, education, adequate housing and other basic services. In destination countries, migrant workers fill labour market gaps and contribute to public pension systems. Migration has empowered millions of migrant women and promoted gender equality around the world.