Remittances from Mexican migrants in the United States during the time of COVID-19

Rodolfo Garcia Zamora
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Rodolfo Garcia Zamora: Development Studies, Autonomous University of Zacatecas, Zacatecas, Mexico

Remittances Review, 2020, vol. 5, issue 2, 143-153

Abstract: Following the Great Recession of 2007-2009 in the United States, Mexican migrants’ remittances began to grow steadily in 2014 until they reached a historical level of US$36 billion in 2019. This figure was at US$4 billion in March 2020 when Mexico had been suffering the effects of COVID-19 for one month. In April, remittances from Mexican migrants in the United States dropped 28%, as their unemployment rate reached 17%. Recuperating remittance levels will depend on economic recovery policies in the United States, and on reducing unemployment for Mexican migrants in the sectors where they have the biggest presence.

Keywords: Mexican migrants; remittances; Covid-19; unemployment; economic recovery (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mig:remrev:v:5:y:2020:i:2:p:143-153

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DOI: 10.33182/rr.v5i2.1074

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