Central American Countries Must Prepare for Possible Global Recession (Summa Magazine)

Summa Magazine in Costa Rica reported on a new study from Senior Research Fellow Eugenio Díaz -Bonilla and Research Coordinator Valeria Piñeiro. The report, “External Shocks, Food Security, and Development: Exploring Scenarios for Central America,” examined five Central American countries and found that El Salvador was especially vulnerable to the effects of a global recession, and that flexible exchange rates improve a country’s ability to respond to a macroeconomic shock.