Saturday, December 17, 2005

El Salvador lags region in growth

El Salvador lags the rest of Latin America and the Caribbean region in economic growth according to the UN Economic Commission on Latin America and the Caribbean. Regional economic growth was 4.3% for 2005. In comparison, El Salvador had the second lowest economic growth rate of 2.5%, only Haiti was lower with a rate of 1.5%. (Yesterday the government of El Salvador reported its calculation that the 2005 growth rate was slightly better at 2.8%, but that rate still trails the rest of the region). Without growth, the country has less ability to stem the flow of emigration, to increase social spending, or to improve health and water infrastructures.

1 comment:

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