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El Salvador optimistic over a resurgence of economic recovery in 2011

Monday, January 3, 2011


The government of El Salvador is confident that the country's production engine will start moving up in 2011 after the national economy crossed from zero to positive signs in 2010.

Official reports indicate that El Salvador was one of the most affected in the continent by the 2008 crisis in the United States, its main source of trade and remittances.

The impact was so severe that the gross domestic product fell to minus 3.3 percent in 2009, a hole from where the nation started to get out in 2010, with growth close to 1 percent.

Original source: Inside Costa Rica