But in the end, the most powerful domestic expansionary impetus that comes from low interest rates surely comes when someone, somewhere, has both the balance sheet capacity and the willingness to take on more debt and spend. The problem now is that there is a limit to how much we can expect to achieve by relying on already indebted entities taking on more debt.
In 2015, more than 10 million OFs sent over $ billion in personal remittances, higher by 4.4% than the 2014 figure of over $ billion.