Tuesday, September 27, 2011

Not Looking Good for an Economic Turnaround

It's not looking good for an economic turnaround in Central America. The International Monetary Fund's economic forecasts for the region don't look good compared to Mexico and South America.

El Salvador will be the growth laggard in Latin America this year, with an estimated expansion  of only 2 percent.
Other growth laggards include Venezuela and Guatemala (2.8 percent) and Honduras (3.5 percent).
We don't know how UNE would have done had it presented a presidential candidate in Guatemala this year (probably not that good). However, I wouldn't feel that comfortable if I were in the FMLN's shoes right now.

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