The numbers from the board's Monthly Economic Activity Index for the firs three months of this year show a process of deceleration in both short- and long-term trends and a downturn in the business cycle.
Even so, it foresees growth in the region of about 5.5. percent for the rest of the year, well ahead of the increase in population.
The board predicts that the U.S. slowdown will not be as serious as some previous ones, and notes that Central America has continued to expand its exports as well as tourism.
The board said it will have to wait a few months to fully evaluate the effects of the trade agreement between the region and Central America.
Inflation is declining and economic growth is decelerating - Analysis of the Executive Secretary of the Central American Monetary Counsel.
The excessive volatility in the financial markets and the low investor and consumer confidence levels are omens that the crisis is going to last, which is being translated into lower levels of consumption and investment and high unemployment rates in the most developed countries.
Inflation, Economic Growth, Trade, Fiscal Sector and the Monetary Sector.
Regional inflation has considerably decelerated in the past quarters, as a result of the application of a series of prudent monetary policy measures, and some exogenous factors related to the abrupt deceleration of the global economy.
One year after the fall of Lehman Brothers, SECMCA analyzes the international situation, and Central America's perspectives and current situation.
Production continues to fall, as evidenced by the Central American Monthly Economic Activity Index, confirming a process started on the last trimester of 2008. June's variation was -1.9% when compared to the same month of the previous year.
Inflation deceleration and Risks to economic recovery.
The quarterly report from the Executive Secretary of the Central American Monetary Council (SECMCA) focuses on the region's inflation and recovery prospects.
Inflation, measured by year-on-year change in consumer prices, slowed in the second quarter of 2010 to 4.9%, compared to 2.9% in June 2009. This level is within the target limits set by the region's central banks.
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