Economy / Costa Rica
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CentAm: An Oil And Remittances Story
February 2007 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: Global oil prices have fallen considerably since their peak in 2006, and this should prove beneficial to Central America's external accounts. Importantly, we think that while the regional trade deficit will remain massive, strong remittance inflows will continue to underpin the current account deficit.