El Salvador Outlook Negative

El Salvador Outlook Negative

El Salvador Economy & Policy

Fitch has lowered the outlook on El Salvador’s BB rating to negative from stable, it says, on poor economic growth. The underperformance is expected to continue, due to structural impediments faced by the economy. “High fiscal deficits and difficulty in consolidating fiscal accounts faster have resulted in a debt burden persistently above 50% of GDP, well above the BB median. This restricts the government's policy room to respond to external and domestic shocks,” the agency says. Fitch also high

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