Mexico | Remittances increased by 1.7% over October, with an inflow of USD2,075.9mn

Summary

Strength of the US economy, the positive employment trend among Mexican immigrants and the dollar’s surging appreciation have all underpinned this rise in remittances. The “second” estimate by the Bureau of Economic Analysis indicates that US GDP grew by 2.1% in 3Q15, which could have positive implications for developments as regards remittances over the rest of the year

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