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Other deposits have suggested that a recession could happen even earlier. Community bank Hanmi Bank, under its portfolio company Hanmi Financial Corp., said in a dry file that “the combination of prices, the increase in inflation, deportations, global political disorders and tensions and the reduction of credit availability” could cause “a slight recession in 2025”.
Some companies have declared that deportations could supply labor shortages. Century Communities, a house construction company, said in its annual report of 2024 according to which if it is unable to hire enough traders and qualified entrepreneurs, it “can have a significant unfavorable effect on our service standards”.
“Moved shortages can be caused, among other factors, the slowdown in immigration rates and increased deportations, because a substantial part of the construction workforce is made up of immigrants,” said the file.
Some companies have mentioned the deportations, but said they did not know how repression will have an impact on their business. Banks Bridgewater Bankshares, Heartland Bank and Trust Company’s portfolio companies, and Heritage Bank, for example, mention mass deportations in a list of factors that could affect their “avant-garde statements”, which predict the way banks can work in the coming months. However, companies have ceased to say if the deportations would harm or help their businesses.
Other companies have declared that deportations present a certain risk to the economy, but have noted that they did not expect it to cause generalized damage or harm their business.
In a deposit for the Investment Group forum real estate fundraising fund, the firm said that “stricter controls and expulsion of immigration” may have mixed results. The deposit affirms that these policies could increase inflation, but possibly be a “bargain for American workers (higher wages)” or cool “overheated housing markets”.
Some companies have argued that their companies could be in danger if their customers are affected by deportations. Pacific Airport Group, which operates through Mexico and Jamaica airports, said policies such as mass deportations and international travel restrictions would have a considerable impact on airport traffic, and therefore the results of the company.
“These measures could create uncertain economic conditions in Mexico, affecting leisure, visiting friends and parents and business trips, to and from the country,” said the file.
Meanwhile, the company Cloud Communications and Financial Services IDT Corporation said that mass deportations could “have a negative impact” to its business customers, such as BOSS money from remittance transfer services, as well as the transfer of money and the international company of the company Boss Revolution. Anything that disrupts people’s ability to work or travel outside their country of origin, said IDT, could injure customers and therefore its activities.
The Reduced Pricesmart store chain, which operates throughout Central America, said that mass deportations could have a devastating effect in an entire region. If there is a major reduction in foreign workers who send money to their families in Guatemala, Salvador, Nicaragua and Honduras, the economies of these nations would suffer, as are price stores, according to the file. Foreign workers’ money warns company, is “a key source of income and poverty reduction for millions of families”.
