Instituto Hondureño de Turismo
Servicios Médicos Cubanos
Cervecería Centroamericana S.A.
Tigo
Cubasol
Irtra
MAD-HAV Enjoy Travel Group
Herbalife
CUN-HAV Enjoy Travel Group
Los Portales
Barceló Solymar
Agexport
Realidad Turística
Intecap
INOR
Walmart
Nestle
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
blackanddecker
AVA Resorts
Grupo Hotelero Islazul

US Election Key to Latin American Economies, Says Credit Rating Agency

Date:

Share:

Cervecería Centroamericana S.A.
AVA Resorts
Herbalife
Intecap
Irtra
blackanddecker
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Nestle
Servicios Médicos Cubanos
Realidad Turística
Los Portales
Instituto Hondureño de Turismo
INOR
Grupo Hotelero Islazul

The fate of Latin American economies, deeply reliant on remittances from the United States, hangs in the balance with the upcoming U.S. presidential elections, Fitch Ratings said on Friday.

Why it’s important

The potential disparity in immigration policies between the Republican and Democratic administrations could significantly affect Central American nations, which are heavily dependent on remittances from the U.S.

Key comment

“Central America is highly vulnerable to U.S. immigration policies, as remittances fund a large component of their economic activity,” said Fitch, a U.S.-based credit rating agency.

In countries like El Salvador and Nicaragua, remittances currently account for more than 30% of their gross domestic product, the ratings agency said, adding that Mexico is also one of the largest recipients of remittances globally, where inflows have steadily increased over the past decade to close to 3.5% of GDP, from 2%.

By the numbers

Remittances to Nicaragua have tripled in the past five years, while those to other countries, specifically El Salvador and Jamaica, have considerably slowed.

A study based on data from the U.S. Current Population Survey showed that a 1% increase in the country’s household earnings results in a 0.2% to 0.3% increase in remittances sent abroad.

Context

The U.S. elections could usher in changes in immigration policies, with Donald Trump’s campaign showing a willingness to restrict border crossings and increase deportations, while the potential Kamala Harris administration would aim to pass a bipartisan law to reform the asylum process and limit immigration parole.

Policy changes could significantly affect migrants and the Central American economies that are heavily dependent on the money they send back home from the United States. (https://www.voanews.com/a/us-election-key-to-latin-american-economies-says-credit-rating-agency/7839694.html)

AVA Resorts
blackanddecker
Irtra
Instituto Hondureño de Turismo
Walmart
Los Portales
INOR
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Intecap
Cubasol
Cervecería Centroamericana S.A.
Grupo Hotelero Islazul
CUN-HAV Enjoy Travel Group
Agexport
Servicios Médicos Cubanos
Barceló Solymar
Nestle
Herbalife
MAD-HAV Enjoy Travel Group
Tigo
Realidad Turística
Tigo
Vuelos a Cuba
Revista Colombiana de Turismo Passport
Barcelo Guatemala City
Irtra
Cubacel
Havanatur
Maggi - GLUTEN-FREE
Intecap
AirEuropa
Hotel Barcelo Solymar
Hotel Holiday Inn Guatemala

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

This North East African Country Welcomes Over 15.7 Million Tourists Last Year and An Addition 40,000 New Hotel Rooms are in Pipeline

Estimated reading time: 3 minutes In a year marked by global uncertainties and regional geopolitical challenges, Egypt’s tourism sector achieved an impressive milestone, welcoming a...

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...
Irtra
Barcelo Guatemala City
Intecap
Maggi - GLUTEN-FREE
Havanatur
Hotel Barcelo Solymar
Cubacel
Hotel Holiday Inn Guatemala
AirEuropa
Revista Colombiana de Turismo Passport
Vuelos a Cuba

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Barceló Solymar
AVA Resorts
Irtra
Cervecería Centroamericana S.A.
Nestle
Walmart
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Realidad Turística
blackanddecker
Cubasol
Los Portales
INOR
Instituto Hondureño de Turismo
MAD-HAV Enjoy Travel Group
Grupo Hotelero Islazul
Agexport
Intecap
Tigo
Herbalife
Servicios Médicos Cubanos