It will take more time for the full

It will take more time for the full scale of the global economic crisis to unravel and for its
impact on the cross-border movements of labour, their conditions of employment and
possible return to become manifest.2
Although the recession in the US started well over a
year before the collapse of sub-prime financial market migration and remittances grew
strongly and rapidly in many parts of the world obscuring any early signs of the effects of
the on-coming crisis. Many factors remain uncertain even today, including how the fiscal
and monetary stimuli that many governments have hurriedly crafted are working to revive
afflicted economies. While there have been daily reports of firms shutting down and
laying off workers since October last year, it is still uncertain how these have affected
migrant workers who are mostly in jobs that have been rejected by national workers, or are
in occupations for which there is growing demand like for health care workers in spite of
economic downturns.