Forecast calls for drop in exports, tourism, investment and remittances
For Eduardo Lizano, President of the Central American Academy, the fast benefits that were expected from the DR-CAFTA may not materialize
Monday, October 13, 2008
Due to the financial crisis in the US and Europe, Central America can expect to see a drop exports, tourism, real estate investments, and remittances sent home by immigrant workers, he said in an interview with IPS.
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.
Four economists conclude that the market must fix itself in order to solve the financial crisis in the United States.
The current financial crisis demonstrates how powerful and decisive the expectations of investors and the economic agents in general can be.
Inflation is declining and economic growth is decelerating - Analysis of the Executive Secretary of the Central American Monetary Counsel.
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