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Mexicans defy coronavirus pandemic blues with record remittance surge


February 2, 2021 | 5:33 pm
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US dollar banknotes are seen in this photo illustration taken Feb. 12, 2018. REUTERS/JOSE LUIS GONZALEZ/ILLUSTRATION/FILE PHOTO
JANTETELCO, Mexico Alberto Burgos is one of thousands of Mexican migrants living in the United States who dug deep and sent extra money to family back home last year to alleviate the devastating impact of the coronavirus pandemic.
Growing plants and helping to handle their sale at a huge nursery in Alabama, the 35-year-old dipped into savings to transfer about a third more to his home town in central Mexico than he did in 2019, he said in an interview. ....

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FEATURE-Mexicans defy pandemic blues with record remittance surge


01 Feb 2021 / 20:03 H.
By Lizbeth Diaz and Abraham Gonzalez
JANTETELCO, Mexico, Feb 1 (Reuters) - Alberto Burgos is one of thousands of Mexican migrants living in the United States who dug deep and sent extra money to family back home last year to alleviate the devastating impact of the coronavirus pandemic.
Growing plants and helping to handle their sale at a huge nursery in Alabama, the 35-year-old dipped into savings to transfer about a third more to his home town in central Mexico than he did in 2019, he said in an interview.
Burgos is one of a growing number of Mexicans with U.S. work permits or access to benefits who helped to fuel a more than 10% jump in remittances to Mexico last year to more than $40 billion, even as money transfers to other countries tumbled. ....

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Mexican Economy Grows 3.1% in Fourth Quarter as Recovery Slows


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(Bloomberg) Mexico’s economic recovery lost steam toward the end of last year, with a surge in exports to the U.S. preventing a sharper slowdown.
Gross domestic product rose 3.1% from the previous quarter in the last three months of 2020, according to preliminary data released by the national statistics institute Friday. The expansion was in line with the median estimate in a Bloomberg survey, and far short of the 12.1% growth seen between July and September.
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