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Remittances reach a record, 4,540 million USD during July (+28.6%). If remittance income is omitted, the volume of the population in Mexico living in poverty in 2020 would have increased by 836,000 people, and those living in extreme poverty would increase by 351,000 people.
This week will be of great interest to the global financial markets. As of today begins the annual meeting of Jackson Hole -organized by the Federal Reserve of Kansas City- that brings together financial and monetary authorities of the world
Information corresponding to 2Q21 indicates that the current account posted a surplus of USD 6.3 billion, whose annualized figure is equal to 1.9% of GDP. For 2021 we forecast that the current account will register a deficit of USD 1.5 billion or 0.1% of GDP.
August 2, 2021
Mexico | Remittances grew 22.4% in 2021h1, 92md came from the N.T. of Central America
In June, 4,440 million dollars (md) entered Mexico in remittances (+ 25.5%) and achieved a streak of 14 consecutive months with increases. During the 1st semester they accumulated 23,618 md, achieving an advance of 22.4% at an annual rate. 95.2% of remittances were sent from the US.
We adjusted our 2021 economic growth forecast from 7% to 6.5%. This year will be notably marked by the midterm elections. The macroeconomic performance of Argentina during the coming years will be defined crucially by the characteristics of the agreement with the IMF, which would take place in 1Q22.
BBVA Research, BBVA Foundation and CONAPO book in eight chapters: 1) Global Migration, 2) International Students, 3) Mexican Emigration, 4) Human Mobilities in Mexico, 5) Migration and Health, 6) Migrant Children, 7) Remittances and 8) Fact Sheets by Federal Entity.
Spain’s GDP growth estimate for 2021 is revised upwards up to 6.5%. Moving forward, the stronger progress of global activity, accumulated excess savings, the end of health restrictions and accommodative monetary and fiscal policies will boost GDP up to 7.0% in 2022.
We provide a macro analytical framework to investigate what determines the RMB exchange rate trend in 2H21. RMB exchange rate is expected go back to the 6.4 to 6.5 range at end-2021 and will display two-way fluctuations.