Latin America remittances up from recession lows

Posted on November 18, 2013 • Filed under: Economy, Latin America News reported….The United States is the largest source of remittances to Latin America. The recession greatly slowed money being sent to home countries by migrants.

But the Pew Hispanic Trends Project has found that rates in most Latin American countries have bounced back, except in Mexico.

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Mexico still receives the biggest share of money from immigrants in the U.S., but the country is 29 percent below its peak in 2006. Pew research shows some reasons for this drop are the large number of Mexican workers hurt by the U.S. recession as well as increased deportations and fewer arrivals. Read Article

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