Falling Remittance Growth To Weigh On Economy

July 2007 | Economic Analysis

BMI View As we noted in June's Central America Monitor , El Salvadorian remittance growth has shown a declining trend in recent months. Remittances expanded by just 1.6% y-o-y in May, down from 26.7% in 2006, and as such, we have downwardly revised our year-end forecast from 14.0% to 8.0%.

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