According to analysts Guatemala's economy is still safe
Guatemalan analysts agree that the country will not receive a direct impact from the international financial crisis.
Tuesday, September 30, 2008
Carlos Gonzalez, an economist from the Association of Investigations and Social Studies, affirmed that he does not foresee any direct impact, however he said that this could happen if the US economy continues to slip and therefore affect Guatemalan exports, remittances and employment.
The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.
In times of credit crunch from the usual sources, it is appropriate to remember that there are other alternatives for financing projects.
The current financial crisis demonstrates how powerful and decisive the expectations of investors and the economic agents in general can be.
The business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.
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