Migrants in the United States gave their families less $981 million in Mexico and five other Latin American countries in April the same month last year, when the coronavirus hit the Western Hemisphere, according to a study published Monday afternoon.
Remittances, or cash sent by electronic transfer, from the United States to Colombia, the Dominican Republic, El Salvador, Guatemala, Honduras and Mexico fell 17% to a total of $ 4.82 billion in the first full month implemented by many cities and US states Home orders and businesses closed, according to research by the Pew Research Center.
El Salvador, Guatemala and Honduras, whose citizens made up the majority of those arrested through the U.S. Customs and Border Protection Office, the U.S. Office of Customs and Border Protection, whose citizens made up the majority of those arrested through the U.S. Customs and Border Protection Office.But it’s not the first time By illegally crossing the southern border during the 2019 humanitarian crisis, they experienced the largest percentage decline in the first part of 2020 compared to any past.Since the Great Recession of 2009, remittances account for between 14% and 22% of total gross domestic product in each of the 3 countries in the North Central America Triangle, indicating that declining foreign cash inflows can damage all of a country’s economy and even inspire migrants to flee to the United States or otherwise.Remittances have slowly increased through several percentage problems each one month since April.
Mexico experienced a decline from March to April after seeing an unprecedented build-up in the budget sent from the United States from February to March.Remittances to Mexico were 35% higher in March, when $40 billion had been received, a year earlier, even then.fell so much in April to succeed in balance with the amount remitted in April 2019.
The migrants sent home a record $714 billion in 2019, of which $71 billion was sent to the six Latin American countries.International remittances are expected to fall by 2020 due to the pandemic and the effect of economic hardship on staff around the world, according to the Pew.Research Center Report.Migrants in the United States send more cash to other countries than in any other country.