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

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

Date:

Share:

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

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)

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

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....

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...

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...

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...
Barcelo Guatemala City
Henkel Latinoamerica
Irtra
Intecap
Maggi - GLUTEN-FREE
Hotel Barcelo Solymar
Havanatur
AirEuropa
Revista Colombiana de Turismo Passport
Hotel Holiday Inn Guatemala
Cubacel

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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