30% Less Investment in El Salvador
In the month of January, investment management activity in the country decreased by 30% in comparison to the same month in 2008.
Wednesday, February 11, 2009
Laprensagrafica.com publishes: "The president of PROESA, Ana Vilma de Escobar, indicated further that textiles is one of the sectors most affected by the difficult economic environment in part based on the fact that several stores in the United States have closed due to lower demand. ´Departments store closings signify lower sales of clothing garments,´ she said."
This figure is for the 2008 period, which was 62% less than in 2007, when there were huge investments in the banking sector.
The flow of foreign investment has had its ups and downs in the last few years, and is expected to close this year, 2008, with a slowdown of 7% compared to last year.
The country is not able to attract the capital that flows into the region, despite being the largest economy.
Foreign direct investment (FDI), which for years has helped finance Costa Rica's current account deficit, fell by 28 percent in the first quarter of this year compared to the same period in 2007.
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