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Economists Warn Mass Deportations Could Devastate Mexico's Economy

share-iconFriday, January 03 comment-icon2 weeks ago 4 views
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newsweekNEWSWEEK
Economists Warn Mass Deportations Could Devastate Mexico's Economy

Credited from: NEWSWEEK

  • President-elect Donald Trump's immigration plan includes a mass deportation strategy that experts say will severely impact Mexico's economy.
  • The policy aims to remove millions of undocumented immigrants, which could necessitate substantial investments from Mexico in care and housing for deported migrants.
  • Significant remittances from Mexicans in the U.S., estimated at $63.3 billion in 2023, would decrease, negatively affecting Mexico's financial inflow.
  • Critics argue that deporting just 1-2 million individuals could still constitute a major economic blow, leading to a drop in agricultural output between $30 and $60 billion.
  • Experts anticipate that mass deportations could also reduce the U.S. economy's output by nearly $2 trillion due to economic contractions.

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Gloria Terra

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