EL SALVADOR
ECONOMY |
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El Salvador's poor economy suffers from a weak tax collection system,
factory closings, the aftermath of Hurricane Mitch, and low world coffee
prices. On the bright side, in recent years inflation has fallen to single
digit levels, and total exports have grown substantially. The substantial
trade deficit has been offset by remittances from the large number of
Salvadorans living abroad and from external aid. |
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