More recently, the global economic downturn has taken a major toll on the region’s economic growth, foreign direct investment and trade volumes. In 2009, all five Central American members of CAFTA – Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua – suffered declining GDP. The biggest loser was Honduras (minus 4.4%), hit hard not just by declining demand for its apparel exports but by the disruption in the uncertainties that emerged last summer… Read Entire Article Here.
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