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.
In addition to this, expectations of quick benefits from the Central American and Dominican Republic Free Trade Agreement may not happen. "A lot of it won't happen or might happen, but on a lesser scalle," due to the drop in American consumption which makes it a "political-psychological," in Lizano's judgment. Lizano is one of the most prestigious economists in Costa Rica.

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