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Slow growth

Thursday, October 9, 2014

The economies of Central America will show mixed results in terms of real growth rates for this year, compared to 2013, according to the International Monetary Fund.

Costa Rica, Guatemala and Honduras will grow modestly, while Nicaragua will decline slightly.

Growth in the first three countries will be in the range of 3% to 4%.

Nicaragua will show a decline to 4%, compared to nearly 5% in 2013.

Growth in Panama will also slow.

But at an expected rate of 6% for the year, Panama would still have stronger growth than that of most of the rest of the world.

Meanwhile, the economy of El Salvador, Central America’s weakest, will grow a rate of 1.8%, the same as last year.