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Latinos suffer from US downturn According to the Inter-American Development Bank, Latino immigrants in the US are sending less money home because of the country's economic downturn. Mexicans abroad sent home $5.3 billion from January to March compared to $5.5 billion in the same period in 2007. The transfers, or remittances, are Mexico's second-largest source of foreign income after oil exports, and form a vital part of its economy. But the bank said it expects little growth in remittances later this year. This translated into ten million fewer people benefiting from the cash transfers, meaning two million families could fall below the poverty line, especially in Mexico. Source: Story from BBC NEWS, " Latinos suffer from US downturn", May 1, 2008, http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/7376733.stm
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