Economic growth
in Central America
Monday, May 14, 2012
The IMAE was 9.73% and 9.26% in January and February 2012, the best bimonthly performance in the last three years.
Capital.com.pa describes this rate of growth as being "driven mainly by the good performance of sectors such as transport, storage and communications, construction, hotels and restaurants, mining and quarrying, trade and financial intermediation."
Monday, April 2, 2012
Production rose by 5.16% in the last 3 months of 2011, the most dynamic period of the year.
Data released by the Central Bank on the behavior of gross domestic product (GDP) show that the last quarter of 2011 saw a growth in production of 5.16% compared to the fourth quarter of 2010, the highest of all quarters in 2011.
Monday, March 19, 2012
Macroconomic stability and policies of greater social inclusion have reduced unemployment rates to historical levels and improved poverty levels.
A press release issued by the IMF on March 16th, 2012, says:
IMF Executive Board Concludes 2011 Article IV Consultation with Panama
Friday, March 16, 2012
Macroeconomic developments in Guatemala since 2010 have been broadly positive. Economic growth firmed up and was close to 4 percent in 2011, underpinned by buoyant exports and private consumption.
A staff team from the International Monetary Fund (IMF) visited Guatemala City during March 5–15, 2012 to hold discussions on the 2012 Article IV consultation with Guatemala. The mission met with Central Bank Governor Edgar Barquín; Minister of Finance Pavel Centeno; Superintendent of Banks Victor Mancilla; the Comptroller General Nora Segura; members of Cabinet and Congress of the Republic, and representatives of the private sector.
Wednesday, March 14, 2012
Fitch Ratings has analyzed patterns of economic growth in Central America, and its relationship to sovereign debt ratings.
According to Fitch Ratings, two patterns have emerged in the evolution of economic growth and public finances in Central America. The quality of sovereign credit in Central America is largely reflected by these two patterns, and this is expected to remain the case for the foreseeable future.
Monday, March 12, 2012
The expectation is that GDP will increase by 8.3%, a slight cooling off from the nearly 11% in 2011.
Panama has maintained a remarkable record of economic growth in recent years, despite the effects of the global economic crisis which began in 2008.
Monday, February 20, 2012
"By 2012, economic growth is projected at 2-2.5 percent, supported by increased domestic investment."
From a press release from the International Monetary Fund (IMF):
A mission from the International Monetary Fund (IMF) visited San Salvador from 6th to 15th of February to begin discussions for the fourth revision of the Stand-By Agreement. The mission met with the Technical Secretary of the Presidency, Alexander Segovia, the Minister of Finance, Carlos Caceres, the president of the Central Bank, Carlos Acevedo, and other senior government officials and private sector representatives.
Tuesday, January 17, 2012
2012 will not be a good year for most of the Salvadoran productive sectors, whose executives expect no growth or only 1% growth.
The continuation of the slow recovery of the U.S. economy and increased exports to other Central American countries, are the only glimmers of hope to which businesses are clinging to reach 2% growth. If achieved, such growth rates will be considered very good for 2012, a year that will be marked by adverse conditions for the country's productive sectors.
Monday, December 19, 2011
The industry and commerce sectors in Costa Rica are reporting moderate growth at the end of the year.
The Costa Rican Chamber of Industries had projected growth of between 3.5% and 4%, but recent economic data (IMAE) which showed a slowdown in the economy, have changed the projection to only 2% growth, said Martha Castillo, vice President of the Chamber. On the positive side, the industrial sector stopped laying off workers this year, thereby changing a trend which had been in place since 2009.
Thursday, December 15, 2011
The Central Bank of Costa Rica (BCCR) has announced that the country will close 2011 with a growth rate of 4% and a fiscal deficit equal to 5% of GDP.
Rodrigo Bolanos, president of the BCCR said at a press conference that the growth of 4%, is lower than last July’s projection of 4.5%.
Tuesday, November 22, 2011
"Panama is still one of the fastest growing countries in the Americas."
A mission from the International Monetary Fund (IMF), led by Corinne Delechat, visited Panama from 7 to November 18 to conduct the annual Article IV Consultation (1). At the end of the discussion, Ms. Delechat issued the following statement in Panama City:
Thursday, November 10, 2011
Comprised of businesspeople and government officials, the Council aims to foster a climate of trust, communication and collaboration between government and business.
A press release from the Presidency of the Republic of El Salvador states:
Tuesday, November 1, 2011
With the exception of the financial sector, which shows a negative trend, the country's monthly index of economic activity confirms the good results, especially for the trade, industry and farming sectors.
Nicaragua's Monthly Index of Economic Activity (IMAE) for August, just published by the country's central bank (BCN in Spanish) has recorded growth of 7.6%.
Monday, October 10, 2011
As a result of the the contagious effect of the financial crisis in Europe, along with slow U.S. recovery, commodity prices have reversed their upward trend and started to decline.
The IMF's report last September on expectations about the global economic situation indicated a slow recovery for the more advanced economies.
For Latin America the picture was different, with growth of 4.5% forecasted. "This projection shows a positive economic outlook and gives a sense of immunity to the financial and economic turmoil affecting most advanced economies.
Friday, October 7, 2011
In the second quarter GDP rose by 3.7%, exceeding growth recorded in the previous quarter.
The strong economic dynamism experienced by Guatemala seems to be shared by all economic activities from agriculture to services.
While all sectors showed positive changes in the quarter under review, some performed better, such as the transport, communications and storage sector, which showed an increase of 4%.
español
1890