More Evidence of Declining Immigration

Remittances to Mexico fell during 2008 much more than expected.

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By Michael Barone, Thomas Jefferson Street blog

Remittances to Mexico in calendar year 2008 fell by 3.6 percent, which apparently was twice as much as experts projected. This is a big hit to Mexico's economy; remittances are Mexico's second biggest source of hard currency, after oil exports. This is just more evidence that, as I wrote in a recent column and blogpost, that we may be seeing a sharp decline in immigration—and perhaps a significant reversal of immigrant flow.

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