More Evidence of Declining Immigration

Remittances to Mexico fell during 2008 much more than expected.

By SHARE

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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