Remittances to Mexico Fall 16 Percent
"Money sent home by Mexicans abroad plunged a record 15.7 percent in 2009 as migrants worldwide struggled to find work during the global economic slowdown, the central bank reported Wednesday," according to Bloomberg News. "Remittances -- Mexico's No. 2 source of foreign income after oil exports -- totaled $21.2 billion in 2009, compared with $25.1 billion in 2008, the bank said."