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Migrant remittances rebound in sign of US recovery

Monday, March 14, 2011


Immigrants from most Latin American countries sent home substantially more money at the beginning of 2011 than they did a year earlier.

The trend signals the economic recovery in the US and other developed countries has improved prospects for foreign workers.

Guatemala, Honduras, El Salvador and Mexico received between 6 and 16 percent more revenue from remittances in January than in the same month last year.

Original source: Wall Street Journal