Economic growth
in Central America
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%.
Tuesday, October 4, 2011
The Nicaraguan Foundation for Economic and Social Development (FUNIDES) has presented its third report on economic conditions in 2011.
The report shows that although the country has shown steady growth of the economy, there are also challenges to achieve greater productivity and poverty reduction.
Thursday, September 29, 2011
Between January and September the economy grew by 8.6% compared to the same period in 2010.
Despite the uncertainty that exists on an international level, the Panamanian economy continues to grow apace, as indicated by the monthly index of economic activity figures, released by the Controller General of the Republic.
While all sectors, except for fishing, showed positive results across the board, the best performance was seen in the following industries: construction, transport, storage and communications, trade, hotels and restaurants, mining and quarrying, social and personal community services, electricity and water, and manufacturing.
Friday, September 16, 2011
During the second quarter of 2011, Panama's economic growth was 11.4%, reaching 10.3% during the first six months of the year.
A statement from the Panamanian Ministry of Economy and Finance reads:
Thursday, August 18, 2011
The growth of the Panamanian economy is sustained and is approaching figures prior to the 2008 global crisis.
The Social and Economic Report - April 2011 by the Ministry of Finance states that up to April, 2011 Panama grew by 9.8%, which compared with figures for the same period in previous years, indicates that the recovery is sustained. During the same months in 2007 Panama grew 12.2%, in 2008 it grew 10.5%, in 2009 the figure was 4.6%, and 2010 marks the beginning of recovery with growth of 6.7%.
Wednesday, August 17, 2011
Ruben Dario’s country, shows a panorama - unsuspected only a few years ago - of the successful relationship between the government’s policies and business goals.
A report by Pastrán details how activities and discussions by businesses and government representatives, are in agreement ensuring stability and economic growth for years to come.
Thursday, July 21, 2011
The BCCR raised its forecast for economic growth this year from 4.3% to 4.5%, while Costa Rica ECLAC estimates for growth of just 3.2%.
Referring to this issue, the Department of Analysis and Investment Strategy, Aldesa, described the Central Bank of Costa Rica as "very optimistic".
Thursday, July 14, 2011
Government authorities have announced that in the first quarter of 2011 there was growth of 5.3% compared to the same period in 2010.
The rise according to a report by the Council of Communication and Citizenship is a result of growth in private and public investment and the value of exports (14.6%).
"One of the fastest growing economic sectors, according to the executive, is mining and quarrying, with growth of 29.2%, a result of increased investment in the municipality of La Libertad Mine (center) and the high international price of gold.
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