Remittances: Lifeline for Mexico’s Poorest States

Explore the crucial role of remittances in the economies of Chiapas, Guerrero, and Michoacán, where they significantly surpass national GDP contributions. Delve into how these financial inflows are vital for local economies, nearly matching state budgets, and their impact on economic disparities. Plus, a look at Mexico's economic deceleration and projections for a rebound by 2026, as forecasted by the Mexican Institute of Finance Executives. This episode provides a comprehensive analysis of the socio-economic dynamics shaping Mexico's future.

Sources:
https://www.eleconomista.com.mx/sectorfinanciero/remesas-son-significativas-pib-chiapas-guerrero-michoacan-cemla-20241212-738212.html
https://www.reforma.com/mexico-seguira-en-desaceleracion-repuntaria-hasta-2026/ar2922244

Outline:
(00:00:00) Introduction
(00:00:41) Remittances are more significant for the GDP of Chiapas, Guerrero and Michoacán: Cemla
(00:03:24) Mexico will continue in deceleration; would rebound until 2026