U.S. remittances to Mexico will continue to grow this year, but at a slower pace

The United States is the largest provider of remittances to Mexico, but growth that has been registered in recent years will not continue at the same rates. In 2023, the money sent by migrants to their families grew by 8% over the previous year, but this year, that rise is expected to be just 3%. Despite this, with an estimated total of $65 billion in 2024, remittances sent from the United States will continue to be a fundamental source of income for many families in the neighboring country.

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