Guatemala: 7 Months of Crisis

Key economic indicators show less economic deterioration than other countries of the region.

Monday, September 7, 2009

An article in Prensa Libre published comments by two Guatemalan economists, Mario Cuevas and Carlos González Arévalo. The former is president of the Center for Economic Investigations (CIEN), while the latter represents the Association for Social Studies and Investigations.

Cuevas argued that "Guatemala has been affected in a benign way when compared with the rest of the world, even though it is a difficult time for companies and individuals".

Speaking about the $360 million being issued by the Government, González Arévalo remarked the importance of investing them in job generating projects.



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Anticrisis plant presented in Costa Rica

January 2009

The Government of Costa Rica is putting emphasis on social spending and investment in public works as measures to deal with the contraction of the economy.

Labor flexibility, expansion of unemployment benefits, adjustment of rates for credit at state banks, the reduction of work hours, increase in pension benefits, are some of the measures announced in the "Plan Escudo" (Shield Plan).

Region Takes Measures Against Global Crisis

February 2012

Central America and the Dominican Republic have agreed together to ensure financial liquidity, create mechanisms for monitoring risk management and financial systems, as well as taking measures against the effects of the euro zone crisis and the weakness of U.S.

Carlos Acevedo, president of the Central Reserve Bank of El Salvador, told Prensalibre.com that "we are preparing a regional financial system and shielding mechanisms."

Economic growth perspectives weakening as recovery slows

September 2011

Economic recovery appears to have come close to a halt in the major industrialised economies, with falling household and business confidence affecting both world trade and employment, according to new analysis from the OECD.

Growth remains strong in most emerging economies, albeit at a more moderate pace.

SOS for Nicaragua

July 2008

While officials from the IMF were announcing that Nicaragua is "among the countries at the point of going down because of high oil and food prices," the economy was feeling the consequences of another inflationary spiral, says Oliver Gómez in the Managua daily El Nuevo Diario.

It increased electricity rates, changed the way it did its billing, and the first effects are being felt today with the new costs of the basic basket of consumer goods, he continues.

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