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Latin America experienced a sharp recovery in remittances in 2014. What was behind that boom?  By Santiago Gutierrez Preliminary data shows a sharp recovery in remittances in 2014. In El Salvador, for instance, they had increased only 1.5% in 2013, but so far in 2014 they have grown more than 7%. What’s happening? A new migration boom? The question is key for analysts following Latin American economies, since remittances are a fundamental driver of domestic demand. In 2013 they were worth about $61.3 billion.In many countries, their value is bigger than exports of any single product. The increase in remittances […]
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