Slow But Steady Growth Ahead

BMI View: We expect El Salvador's economic recovery to continue steadily over the coming years, although growth will be unimpressive at 2.3% in 2011 and 2.5% in 2012, from 1.4% in 2010. An uptick in workers' remittances from the US will drive domestic demand, but a deteriorating trade picture will keep the pace of economic expansion at the bottom of the region.

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