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Published on Wednesday, July 1, 2015

Mexico | Remittances kept up modest growth of 2.4% (YoY) in May 2015

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Summary

The figures for April and May appear to be in response to estimate of a 0.2% contraction in the US economy in 1Q15. The fine employment performance for Mexican immigrants in the United States seems to have underpinned a pattern of modest growth in remittances in spite of the contraction of the US economy