El Salvador 2014: Economic Situation IV Quarter

In 2014 the performance of most economic indicators was worse than that of 2013, with continued deterioration in public finances.

Thursday, February 26, 2015

From a statement by the Salvadoran Foundation for Economic and Social Development (FUSADES):

In 2014 the performance of most economic indicators was lower than that of 2013, when growth was 1.7%; public finances continue to deteriorate, with a balance of the NFPS debt being 60.3% of GDP at the end of 2014.

The international context shows weak growth, with uncertainty and volatility in financial markets.

In 2014 the world economy continued to show a weak (3.3%) and differential growth between countries and regions. For 2015, a slight improvement (3.5%) is forecast. The United States grew more than expected (2.4%), total and Hispanic unemployment declined, favoring family remittances which increased by 6.7% a year, reaching $4.217 million.

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