Economists Warn Mass Deportations Could Devastate Mexico's Economy

World News

1 year ago

News sources:

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.