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Crisis in the US creates uncertainty in Central America but no likelihood of an economic collapse, says World Bank

Wednesday, August 10, 2011

\ The US financial crisis “creates uncertainty in Central America because it can have a negative impact due to the level of trade dependency,” said Felipe Jaramillo, the regional World Bank director said.\ \ Jaramillo said that recent events will have a negative impact in Mexico and Central America.\ \ He added, however, that “we don’t believe this is going to cause a major fall in growth”, even though forecasts will have to be revised.\ \ \ \ Original source (in Spanish): Efe\ \ \ \