Record Remittances Boost Mexican Economy, Mexico’s ’Nearshoring’ Trend Gains Momentum

Simply Economics, from Mexico

May 21 2024 • 5 mins

Mexico's economy experiences record-breaking levels of remittances, while the 'nearshoring' trend in Mexico gains momentum. Gain insights into the impact of remittances on Mexico's economy and the role of digital transactions. Explore the economic implications of 'nearshoring' in Mexico and the opportunities it presents for both Mexico and foreign investors. Sources: Outline: (00:00:00) Introduction (00:00:38) Record Remittances in May Boost Mexican Economy (00:02:31) Mexico Hopes to Be the Big Economic Winner from US-China Tensions