A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Jan 26 2015

Weaker U.S. Growth to Hamper Mexican Remittances

In 2013, remittances – fund transfers from foreign workers to their home country – from the U.S. to Mexico totaled nearly $22 billion and accounted for almost 2% of Mexico’s GDP. With these flows amounting to at least 5% of foreign income in each year since 2002, Mexico is dependent upon these transfers as a key source of domestic spending. Thus, the current U.S. economic growth outlook offers important insights into Mexican remittances and economic growth.

ECRI’s latest analysis of its specialized leading indexes clarifies the trajectory of Mexican remittances and explains how the U.S. growth outlook, along with a strengthening dollar, will impact Mexican domestic spending.

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