elpais.com
Mexican Remittances Plummet 16.2% Amidst US-Mexico Tensions
Mexican remittances to Mexico dropped 16.2% in June 2025 to \$5.201 billion, a 5.6% decrease year-to-date, due to fear of deportation among US-based Mexican migrants, potentially impacting Mexican internal consumption.
- What are the potential long-term implications of this downward trend in remittances for internal consumption and economic stability in Mexico?
- The significant decrease in remittances, driven by fear of deportation among Mexican migrants in the US, signals a deepening strain on Mexico's economy. This trend, coupled with a shift towards electronic transfers, suggests a growing vulnerability in Mexico's reliance on remittances for internal consumption. The long-term economic consequences of this situation require further analysis.
- What is the impact of the 16.2% drop in Mexican remittances in June 2025 on the Mexican economy, considering the significant reliance on these funds?
- Mexican remittances to Mexico plummeted 16.2% in June 2025 compared to the same month last year, totaling $5.201 billion. This follows a 5.6% decrease in accumulated remittances between January and June 2025, reaching $29.576 billion. The number of remittances also fell by 14.3% in the first half of 2025.
- How does the change in the method of remittance transfer (electronic vs. cash) reflect the current economic climate and anxieties among Mexican migrants in the US?
- The decline in remittances is attributed to Mexican migrants in the US fearing deportation, impacting the frequency of money transfers. This drop is significant for the Mexican economy, as 96.58% of remittances originate from the US, representing $62.529 billion in 2024. The reduced flow of money could negatively affect Mexican internal consumption.
Cognitive Concepts
Framing Bias
The article frames the decrease in remittances negatively, emphasizing the negative economic consequences for Mexico. While this is a valid perspective, a more balanced approach would also consider potential positive aspects or alternative interpretations of the data. For example, a decrease in remittances could reflect improved economic conditions in Mexico, reducing the reliance on external financial support.
Language Bias
The language used is largely neutral and factual, presenting data and expert opinion. Words like "desplomado" (collapsed) and "negativos" (negative) could be considered slightly loaded, but they are used to accurately describe the reported decrease. More neutral alternatives might be 'decreased significantly' and 'show negative results'.
Bias by Omission
The article focuses on the decrease in remittances from the US to Mexico, but omits potential contributing factors beyond the fear of deportation mentioned. It would be beneficial to explore other economic factors in both the US and Mexico that might influence remittance flows, such as changes in employment rates, economic conditions, or government policies. The lack of this broader context limits the reader's ability to fully understand the situation.
False Dichotomy
The article doesn't present a false dichotomy, but it could benefit from exploring a wider range of potential causes for the decrease in remittances, rather than primarily focusing on the fear of deportation among migrants.
Sustainable Development Goals
The decline in remittances from the US to Mexico negatively impacts income and economic opportunities for many Mexican families, exacerbating existing inequalities. This is particularly relevant to SDG 10, which aims to reduce inequality within and among countries. The decrease in remittances directly affects the income of recipient families in Mexico, potentially pushing them further into poverty or hindering their ability to access essential services and opportunities.