Despite an expected contraction in remittances to Latin America, there are also opportunities for growth for transfer companies.
BY JAN SMITH
Worker remittances to Mexico from the United States are down 2.9 percent, totaling $5.4 billion, during the first quarter of 2008 ascompared to the same period in 2007. Mexico frequently serves as a barometer for the region because it accounts for nearly half of the region’s remittances. First quarter figures are not surprising in light of a softening of growth during 2007, but the ever increasing severity of deceleration in the US economy could actually make 2008 the first year on-record where remittances post negative growth. [Read More]
No comments:
Post a Comment