Slight Improvement In US Growth Outlook A Source Of Optimism For El Salvador
Country Risk / El Salvador / Mon 12 Feb, 2024
Key View
- We have revised up our 2024 growth forecast for El Salvador from 1.6% to 2.1% largely on the back of the improved outlook for the US economy, especially in H124.
- Stronger US growth will support Salvadorian growth via higher remittance inflows and greater external demand this year, boding well for both private consumption and