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Bear Cautious on Costa Rica

Oct 10, 2007

Despite a breakthrough on the free trade agreement with the US, Bear Stearns says it recommends a "cautious approach to investing" in Costa...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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