US EditionRemittances Will Continue to Flow to Mexico but to a Lesser Extent than in 2024: Bbva
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Sending remittances from nationals to relatives in Mexico can fall by 5.8 percent in 2025, estimates BBVA. The post Sending remittances to Mexico could fall 5.8% in 2025 for fear of raids, warns BBVA first appeared on SinEmbargo MX.Read the full text in embargo.mx
BBVA warns that the lower labor insertion of migrants and a strong weight will reduce the sending of money from the US.
• An estimated $61 billion in remittances at the close of 2025, lower annual level since 2013• The low participation of Mexicans in the U.S. labor market is the main cause• BBVA discards severe macroeconomic impact, but warns affectations in dependent households Remittances could fall for the first time in more than a decadeBBVA Mexico projected that by 2025 the country would receive $61 billion in remittances, which would imply an annual decrea…
Although remittances to Mexico will fall 5.8% to 61,000 million dollars, the Economist in Chief of BBVA, Carlos Serrano, said that it will not be something “catastrophic” in macroeconomic terms for the country. In a press conference, the bank’s specialist explained that the impact on the Mexican economy will not be great, since these resources represented only 3.5% of Mexico’s Gross Domestic Product (GDP) during 2024. However, he clarified that …
Remittances to Mexican households will continue to flow in 2025, but in a smaller proportion than we saw last year, economists from BBVA Mexico warned. According to their forecasts, the 4.8 million recipient families in the country will receive around $61,000 million in remittances all year round. A flow that will be 5.8% lower annually than the historical one received in 2024, which was 64,750 million dollars.
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