{"id":4052,"date":"2011-02-09T11:00:36","date_gmt":"2011-02-09T18:00:36","guid":{"rendered":"http:\/\/www2.colef.mx\/elmuro\/?p=4052"},"modified":"2011-02-09T11:00:36","modified_gmt":"2011-02-09T18:00:36","slug":"bbva-research-mexico-2010-remittances-end-the-year-in-positive-territory","status":"publish","type":"post","link":"https:\/\/www.colef.mx\/elmuro\/bbva-research-mexico-2010-remittances-end-the-year-in-positive-territory\/","title":{"rendered":"BBVA Research M\u00e9xico &#8211; 2010 remittances end the year in positive territory"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 6pt 0in 6pt 0.25in;\"><strong><span style=\"font-size: 11pt; color: windowtext;\">2010 remittances end the year in  positive territory<\/span><\/strong><\/p>\n<p class=\"MsoNormal\" style=\"margin: 6pt 0in 6pt 41.95pt; text-align: justify;\"><span style=\"color: #ff6600; font-family: Symbol;\"><span>\u00b7<span style=\"font: 7pt 'Times New Roman';\"> <\/span><\/span><\/span><span style=\"font-size: 11pt; color: windowtext;\">Remittances recorded annual 9.1%  growth in dollars in December. As a result, accumulated growth during 2010 was  0.1% in dollar terms. This is within the range forecast by BBVA Research at the  end of 2009. The loss of momentum in certain variables linked to remittances  from the <\/span><span style=\"font-size: 11pt; color: windowtext;\">USA<\/span><span style=\"font-size: 11pt; color: windowtext;\"> \u2013particularly the recovery in  employment and the construction industry- undermined this recovery<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 6pt 0in 6pt 41.95pt; text-align: justify;\"><span style=\"color: #ff6600; font-family: Symbol;\"><span>\u00b7<span style=\"font: 7pt 'Times New Roman';\"> <\/span><\/span><\/span><span style=\"font-size: 11pt; color: windowtext;\">Some states were affected, whilst  others saw their remittance revenues increase. The most significant decreases  occurred in <\/span><span style=\"font-size: 11pt; color: windowtext;\">Chiapas<\/span><span style=\"font-size: 11pt; color: windowtext;\">, <\/span><span style=\"font-size: 11pt; color: windowtext;\">Hidalgo<\/span><span style=\"font-size: 11pt; color: windowtext;\">, <\/span><span><span style=\"font-size: 11pt; color: windowtext;\">Veracruz<\/span><\/span><span style=\"font-size: 11pt; color: windowtext;\"> and the State of <\/span><span style=\"font-size: 11pt; color: windowtext;\">Mexico<\/span><span style=\"font-size: 11pt; color: windowtext;\">; the largest increases were recorded  in <\/span><span style=\"font-size: 11pt; color: windowtext;\">Sonora<\/span><span style=\"font-size: 11pt; color: windowtext;\">, <\/span><span style=\"font-size: 11pt; color: windowtext;\">Baja California<\/span><span style=\"font-size: 11pt; color: windowtext;\"> <span>Sur<\/span> and <\/span><span style=\"font-size: 11pt; color: windowtext;\">Baja California<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 6pt 0in 6pt 41.95pt; text-align: justify;\"><span style=\"color: #ff6600; font-family: Symbol;\"><span>\u00b7<span style=\"font: 7pt 'Times New Roman';\"> <\/span><\/span><\/span><span style=\"font-size: 11pt; color: windowtext;\">We expect this recovery in  remittances to continue in 2011. <\/span><span style=\"font-size: 11pt; color: windowtext;\">Mexico<\/span><span style=\"font-size: 11pt; color: windowtext;\"> may attract a little over 22 billion  dollars, with annual growth in dollars of over 3%. However, in our base-case  scenario we do not expect 2007 levels to be achieved again until 2012 or perhaps  even 2013<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 6pt 0in 6pt 41.95pt; text-align: justify;\">\n<table style=\"background: none repeat scroll 0% 0% #333399; margin-left: 41.55pt;\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr style=\"min-height: 19.35pt;\">\n<td style=\"padding: 0in; min-height: 19.35pt; width: 93.45pt;\" width=\"125\">\n<p class=\"MsoNormal\" style=\"text-align: center;\" align=\"center\"><strong><span style=\"font-size: 8.5pt; color: white;\"><a title=\"http:\/\/www.bbvaresearch.com\/KETD\/fbin\/mult\/110201_MigracionMexico_20_eng_tcm348-245354.pdf?ts=322011\" href=\"http:\/\/www.bbvaresearch.com\/KETD\/fbin\/mult\/110201_MigracionMexico_20_eng_tcm348-245354.pdf?ts=322011\" target=\"_blank\"><span style=\"color: white; text-decoration: none;\" title=\"http:\/\/www.bbvaresearch.com\/KETD\/fbin\/mult\/110201_MigracionMexico_20_eng_tcm348-245354.pdf?ts=322011\">Download (51kb<\/span><span style=\"color: white; text-decoration: none;\" title=\"http:\/\/www.bbvaresearch.com\/KETD\/fbin\/mult\/110201_MigracionMexico_20_eng_tcm348-245354.pdf?ts=322011\">)<\/span><\/a><\/span><\/strong><strong><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"MsoNormal\" style=\"text-align: justify;\"><span style=\"font-size: 10pt; color: windowtext;\"> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2010 remittances end the year in positive territory \u00b7 Remittances recorded annual 9.1% growth in dollars in December. As a result, accumulated growth during 2010 was 0.1% in dollar terms. This is within the range forecast by BBVA Research at the end of 2009. The loss of momentum in certain variables linked to remittances from [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[],"class_list":["post-4052","post","type-post","status-publish","format-standard","hentry","category-avisosyconvocatorias","category-boletines-de-difusion"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/posts\/4052"}],"collection":[{"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/comments?post=4052"}],"version-history":[{"count":0,"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/posts\/4052\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/media?parent=4052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/categories?post=4052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colef.mx\/elmuro\/wp-json\/wp\/v2\/tags?post=4052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}