El Salvador: slow but steady.Thirty-nine-year-old president-elect Tony Saca takes office this month after campaigning to continue the free-market policies of his predecessor, Francisco Flores There is more than one article that could fall under the title Francisco Flores:
The successive Arena administrations have been able to weather civil war and natural disasters to keep El Salvador's economy stable, as well as consolidate a much-debated adoption of the U.S. dollar. "The policies of the government have focused on stability," says Richard Francis Richard Francis (dates unknown) was a famous English cricketer who played for the Hambledon Club. Francis is known to have been a Surrey man by birth and he had played for Surrey teams before moving to Hampshire. He made 47 known first-class appearances from 1773 until 1793. , sovereign analyst with risk-ratings agency Standard & Poor's. Economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. support that statement. The country's inflation rates have hovered around 5% in the past few years, current account deficits remain low. and government debt is under control. Dollarization dol·lar·i·za·tion n. The replacement of a country's system of currency with U.S. dollars. , however, has been a mixed blessing mixed blessing Noun an event or situation with both advantages and disadvantages mixed blessing n it's a mixed blessing → tiene su lado bueno y su lado malo . Though interest rates have been low too. business investment remains weak and economic growth has been a lackluster lack·lus·ter adj. Lacking brightness, luster, or vitality; dull. See Synonyms at dull. Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance" 2% for the past half-decade, Francis says, Exports, meanwhile, have diversified. Just six years ago, coffee brought in more than half of export revenues; now the bean, whose price has been slammed by global competition, accounts for less than 5% of sales abroad.
January 'or
% CHANGE
JANUARY 03/04
Total trade US$ 49.5 billion 9.0%
Exports US$ 25.7 billion 8.7%
Imports US$ 23.8 billion 9.4%
Monthly combined exports and imports of Latin
America's eight largest economies: Argentina, Brazil,
Chile, Columbia, Ecuador, Mexico, Peru and Venezuela
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