Mexico | Remittances fall 4.7% in November, but will end the year at a record high
Published on Tuesday, January 2, 2018 | Updated on Wednesday, February 28, 2018
Mexico | Remittances fall 4.7% in November, but will end the year at a record high
Summary
2017 has been a year of ups and downs for remittances: from January to November there were 3 months with falls and 8 with increases. This is partly due to Mexican immigrants' fear of possible deportation or restrictions on remittances and changes in US trade (NAFTA) and tax policies since Trump’s election victory.
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- Mexico
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- Migration
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Authors
Juan José Li Ng
BBVA Research - Senior Economist
David Cervantes Arenillas
BBVA Research - Senior Economist