Central American Economy: First Half of 2010
Central America may be directly impacted by the slowdown in the recovery of the world economy.
Thursday, September 2, 2010
For the time being, the region's measures of external and internal demand do not seem affected by the threat of lower growth rates for the economies of partner developed countries. Some central banks had raised their expectations but, in view of the risks, they are likely to revise their growth predictions back to original levels between 2.0% and 2.7%.
Slow recovery tied to a lagging U.S. economy, 3% growth in 2010 due to increased domestic consumption and rising remittances and international trade.
Guatemala’s economic recovery has continued despite the natural disasters that hit the country in May.
Auhtorities from the World Bank and El Salvador reaffirmed the Bank's support to create job opportunities and reactivate the country.
After completing inventory restocking, the activity of Costa Rican manufacturers shows a slowing trend due to lack of demand.
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