Economist says mass deportations will cost Mexico tens of billions of dollars, a blow to its economy


by: Salvador Rivera
Posted: Jan 2, 2025 
BorderReport.com 

SAN DIEGO (Border Report) — Mass deportations proposed by President-elect Donald Trump will be a huge blow to Mexico’s economy, according to Ismael Plascencia López, specialist with the Northwest Mexico Federation of Economists.

“They’re talking about deporting 11 to 13 million undocumented migrants now in the United States, it seems like an impossible task,” said Plascencia López. “But, if only one to two million people get deported, it would still be a huge strike on the Mexican economy.”

He predicts Mexico will have to invest millions of dollars to care, feed, house and transport deported migrants, not to mention those from other nations.

“It’s going to be a blow just in terms of the number of people sent here, but what about all those countries that refuse to take in their own people, they will likely end up in Mexico, you have to care for them as well,” he said.

Plascencia López predicts the biggest loses will be due to the lack of money being sent home by migrants working north of the border, something Mexico’s economy is heavily dependent upon.

According to Banxico, Mexico’s National Bank, $63.3 billion dollars were sent to Mexico in 2023 by migrants in the U.S., and from January through October of this year, the figure was almost $55 billion.

“This is the result of a worldwide campaign to oust migrants from many countries, something promoted by President-Elect Donald Trump.”

“There are always extremes, some say it’s good Donald Trump won, there were some who opposed his initiatives before, but now with him having control of Congress and the Senate, there won’t be anyone to stop him, this will hurt Mexico.”