The Lehman effect on Costa Rica

Analysts and economic gurus are forecasting a dark future for the Costa Rican economy, after the failure of Lehman Brothers.

Wednesday, September 17, 2008

Things could get worse with the announce on Sunday of the sudden sale of Merrill Lynch, in which the Central Bank of Costa Rica probably has some assets, to Bank of America.
The main advice given is that the economic agents should prepare to face the hardships that are coming; due to international conditions we will probably have a tough end of year and a complicated started in 2009
.

More on this topic

Analysts see adverse effects in the Salvadoran economy

September 2008

Lower economic activity and the rise in interest rates are signs that the economy is being affected by the financial crisis in the US.

Some economic analysts warned yesterday that the effects from the financial crisis in the United States, which has been going on for over a year and which has gotten worse recently, are beginning to show up in the Salvadoran economy.

The Lehman effect on Honduras

September 2008

"The global financial crisis has cause the main investment bank in the US to go bankrupt and will produce an strong impact on the Honduras' weak economy.

"Economic growth will stop, limiting access to credit and as a result the upward trend of interest rates will continue," the ex-president of the Central Bank of Honduras, Maria Elena Mondragon, warned.

The Lehman effect on El Salvador

September 2008

The Lehman Brothers bankruptcy will not directly affect the Salvadoran financial and stock market, but analysts point to effects on the macro-economy.

The critical session experience on Monday at the New York Stock Market Exchange and the main stock exchanges in Europe, Asia and Latin America, due to the Lehman Brothers bankruptcy and buy out of Merril Lynch, have caused economists and experts to consider the effects and slight repercussions on the Salvadoran economy.

Lehman effect on Panama

September 2008

The fall of Lehman Brothers and the sale of Merrill Lynch shook stock markets all over the world.

These announcements have caused a general fall in the international markets, however, the Panama Stock Exchange did not react to these events. As a matter of fact, it closed with a 1.31% increase.

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