Economic outlook
in Central America
Thursday, May 10, 2012
Maybe it's just paper and ink. There are allegations of corruption that should be clarified by the justice department, but the objective facts of Panamanian reality do not match the poor results from opinion polls on the Martinelli administration.
EDITORIAL
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.
Friday, March 9, 2012
According to G & T Continental Bank, Guatemala’s exchange rate will range between 7.3 and 8.3 quetzals to the dollar during 2012.
The general manager of G & T Continental Bank, Federico Linares said that predictions for 2012 are that the exchange rate against the dollar will remain at Q7.8 + / - 0.5. As of Thursday The Bank of Guatemala (Banguat) maintained a rate of Q7.75 to the dollar.
Wednesday, February 29, 2012
During the next 5 years, trade in Panama will grow at an annual rate of 9.11%, later reducing between 2017 and 2022 to 8.68%.
The data comes from a study by the HSBC Group, who attributes the rapid growth to the expansion of the Canal.
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.
Wednesday, February 15, 2012
Fitch Affirms Costa Rica’s International Rating as 'BB +', Outlook Stable
Fitch Ratings - New York - February 14th , 2012: Fitch Ratings has affirmed the International Ratings (IDR) and the Country Ceiling of Costa Rica, as detailed below:
- Classification of long-term foreign currency 'BB +';
- Classification of long-term local currency 'BB +';
- Rated short-term foreign currency 'B';
Wednesday, January 25, 2012
First Economic Situation Report 2012 has been issued by the Nicaraguan Foundation for Social and Economic Development.
Executive summary of the report by FUNIDES:
External Environment
The growth of world economy and in particular in the advanced economies in 2011 was lower than anticipated. The latest estimates from the Economist 1 Intelligence Unit (EIU, December 16, 2011) forecast a global economic growth of 3.8 percent for 2011 and 3.2 percent for 2012. These projections are lower than the 4.5 percent initially estimated by the IMF for 2011-2012.
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, January 2, 2012
Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.
The 30 economists consulted by the weekly publication El Financiero, forecast a GDP growth of around 3.3%, mainly driven by construction and trade sectors through domestic consumption. Interest rates will remain at levels similar to 2011, while the exchange rate could vary between 3 and 6%, reaching between 520 and 540 colones to the dollar at the end of 2012.
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:
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%.
Friday, October 14, 2011
In August national economic activity, as measured by the IMAE, showed the smallest monthly increase since May last year, barely increasing by 0.7% on an annualized basis.
According to analysis by Aldesa:
Between August 2010 and September of this year, activity advanced at a rate of 3.7% and the average variation was 3.7% lower for the tenth consecutive month. Both the manufacturing industry as well as agriculture had negative monthly variations, i.e. the value of their production was lower when compared with that recorded in July.
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%.
Thursday, October 6, 2011
Main conclusions regarding the Central American economy between 2008 and 2011.
The State of the Region Report is a tool by Central America for Central America, which analyzes and tracks the major challenges of sustainable human development. In this fourth report, the titles of the main conclusions on the topic Economy are presented:
Thursday, September 29, 2011
Fitch Ratings has issued a special report entitled, "Central American Banking: After the Crisis, a Disparate Evolution"
In Fitch's opinion the banks have shown a mixed performance in Central America during the period of the global financial crisis.
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