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Fitch Ratings forecasts economic slowdown in region

Friday, March 16, 2012

Central American growth will slow down this year due to the slowness of the US economic recovery, high oil prices and a reduced level of bank lending, according to Fitch Ratings.

The agency predicts overall growth of the region of 4.2 percent by the end of this year, but expects a recovery to reach 4.5 percent in 2013.

Central America is unlikely to return soon to pre-crisis levels, said Lucila Broaide, a director of Fitch Ratings.

Source (in Spanish): La Prensa