Uncertainty about Slow Progress in the Vaccination Process
| Although expectations for the end of 2021 are good for the Guatemalan economy, there is uncertainty regarding what will happen in the second part of the year, as the vaccination process is progressing slowly.
Fitch Confirms Nicaragua's Risk Rating
| The rating agency affirmed the Central American Country’s Long-Term Foreign Currency Issuer Default rating at "B-" and reviewed the rating outlook to stable from negative.
Guatemalan Economy According to the IMF
| For the international organization, during 2020, Guatemala's economy showed resilience, since in the context of the crisis caused by the Covid-19 outbreak, the GDP contracted only 1.5%.
Economy: How to Explain Price Escalation?
| Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs.
More Confidence to Invest = Less Migration
| Following the visit of US Vice President Kamala Harris to Guatemala, the business sector assures that in order to reduce illegal migration from Central America to the US, it is necessary to create a favorable and comfortable environment for local and foreign investment in the countries of the region.
Salvadoran Economy Recovers Formal Jobs
| As a result of the economic crisis during June 2020 the number of workers contributing to the Salvadoran Social Security Institute decreased to 810 thousand, in the following months the figures improved and in March 2021 the figure rose to 861 thousand.
Panamanian Economy Falls 6%
| During March 2021, the Monthly Index of Economic Activity registered a -6% year-on-year variation, a decrease that is attributed to the effects of the sanitary emergency caused by Covid-19.
Delay in Vaccination = Downgrading of Risk Ratings
| For Fitch, the delay in vaccination campaigns constitutes a latent risk of a prolonged pandemic, which would delay the recovery of the region's economies and would cause negative pressures on the risk ratings to be issued in the coming months.
Nicaraguan Economy Grows at 7%
| During March 2021, the Monthly Index of Economic Activity reported a year-on-year variation of 6.5%, a rise that is largely explained by the dynamism of mining and quarrying, manufacturing industry and construction.
Optimism for Costa Rica's OECD Membership
| After the Legislative Assembly ratified the country's accession to the Organization for Economic Cooperation and Development, the business sector is of the opinion that this will help consolidate the institutional reforms needed to make the State more efficient.
Honduras: Economic Activity Grows 13%
| During March 2021, the Monthly Index of Economic Activity reported a variation of 13% when compared to the levels reported in the same month of 2020, a period that was marked by the closure of the economy due to the pandemic.
Economy: Restrictions in Costa Rica
| In order to contain the advance of the pandemic, during the rest of the month of May, capacity reductions and restrictions to the circulation of vehicles will be applied, measures that will be applied throughout the national territory.
Guatemala: Economic Activity Grows at 7%
| In March 2021, the Monthly Index of Economic Activity reported a 6.9% increase over the level recorded in the same month of 2020.
Guatemala: Economic Recovery and Forecasts
| According to the IMF, the local economy is well positioned to support the recovery and overcome the deterioration of social indicators, which worsened due to the pandemic caused by the Covid-19 outbreak.
Nicaragua: Economic Growth Slows Down
| After in January 2021 the Monthly Index of Economic Activity in the country registered an year on year increase of 0.7%, in February a lower growth was registered, which amounted to 0.2%.
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