"It is important that the rules are not changed"

Ondine Smulders, senior editor of The Economist, has said that the future economic scenario for El Salvador look gray: a slowdown in growth of up to 2.5% in 2009, due to the possible decline in consumption, exports and remittances.

Friday, September 12, 2008


Predicting the future is not easy, says Smulders, especially since the pre-electoral climate, as well as the world economic slowdown, cause investor perspectives to change and they need to have a clear rules of engagement to continue investing in the country.

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Guatemala: Modest growth anticipated for 2008

August 2008

The Association for Investigation and Social Studies (ASIES) carried out a moderate study of the local economy.

ASIES analyst, Carlos Gonzalez, pointed out that the unfavorable external climate resulting from the financial crisis, and the high price of oil and food - that started in 2006 and worsened in 2007, began to affect production activities during first semester of this year.

Costa Rica’s Economy Slowing Down

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Indicators show a loss of dynamism in the Costa Rican economy, which fell from a year on year growth of 7.2% in February, to 2.39% in October.

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El Salvador's business climate analyzed

September 2008

The Economist will hold a "Business Roundtable: El Salvador as a business and investment destination: Opportunities and Challenges."

It will be held on September 11 in San Salvador.

The event is being organized by the Economist Conferences and will be moderated by Ondine Smulders, Senior Editor/Economist at the Economist Intelligence Unit for Latin America.

Nicaraguan GDP drops in 2008

November 2008

The growth of the Nicaraguan economy at the end of 2008 will be lower than that of 122 other developing countries.

Even the GDP of Sierra Leone which was the lowest on the Human Development Index will be 2.5% higher than the estimate figure for Nicaragua.

"This is not the best scenario we could have expected in 2008," said economist Alejandro Arauz yesterday, based on the mos recent projections from the IMF on global economic perspectives...

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