Record-breaking remittances: Mexico expects US$ 63.7 billion inflow in 2023

INSUBCONTINENT EXCLUSIVE:
approximately US$63.7 billion.This outlook surpasses previous forecasts that predicted flows of around US$62.6 billion for the year.In the
first half of 2023, remittances to the nation reached US$30.238 billion, marking a 9.9% increase compared to the same period in 2022.This
continuous rise has been observed monthly since 2019.Photo Internet reproduction.By the end of 2022, the inflow of remittances had amounted
Council (Conapo), predicts that by 2024, remittances could climb to US$67.9 billion, which is 6.6% higher than the estimates for the end of
years.This decline is due to an anticipated gradual deceleration in the U.S
specific Mexican regions, where they have become a main source of foreign exchange, surpassing direct foreign investment, crude oil exports,
timeframe, showing a consistent upward trend since 2016, with expectations of continued growth.