IMF says U.S. Economic Problems will Affect Central America

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    The International Monetary Fund (IMF) said Monday that the tax cuts in the United States may have an impact on the economies of Latin America.

    The IMF said, according to projections In the most recent report on the economic prospects of the Americas, the annual U.S. growth will slow in 2013 by the so-called “spending sequestration” budget.

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    The IMF added that “slower growth in the United States would have a negative impact on the region, particularly in Mexico and Central America, which are the most linked to the U.S. through trade and remittances.”

    In its newsletter, the IMF notes that according to projections, economic growth in Latin America will rebound in 2013, but risks remain in the medium term.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

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