A sharp decline in remittances sent by Mexican workers abroad—primarily from the United States—has raised concerns among government officials and economic analysts, given the significant role these funds play in Mexico’s economy and family incomes.
According to Mexico’s central bank, Banco de México, remittances fell by 16.2 percent in June compared to the same month last year. This marks the largest drop in over a decade and the third consecutive month of decline.
While some analysts suggest that President Donald Trump’s tough immigration policies may have contributed to the decrease, others point to the overall decline in Mexican migration to the U.S. in recent years as a more likely cause.
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