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International Monetary Fund trims annual estimate for El Salvador’s economic growth as a result of world crisis

Friday, August 19, 2011

\ The International Monetary Fund confirmed that it now expects El Salvador’s economic growth to be 2 percent this year rather than the 2.5 percent originally forecast. The reduction is due to the crisis in world markets.\ \ Mario Garza, the Fund’s mission which is reviewing El Salvador’s current standby accord, said it was necessary to be cautious about forecasts.\ \ The government’s fiscal program will have to be able to resist international shocks.\ \ Original source (in Spanish): Efe\ \ \ \