The Perfect Storm

Guatemala is experiencing a crisis with vectors that feed each other reciprocally and which can lead to a disastrous scenario of "the storm of the century."

Wednesday, May 27, 2009

Economic crisis. Political crisis and violence. Social crisis.

Miguel Gutiérrez, an analyst for Central America Business Intelligence (CABI), wrote: "Guatemala is facing conditions that could have similarities with the novel “The Perfect Storm.” The hope is that Guatemalan sailors can reach a different conclusion than that of the novel, in terms of the issues that are related to the economic crisis—although in this area it is already a little late—and the political as well as the social crises to come."

More on this topic

Warning of Upcoming Crisis in El Salvador

April 2015

The sum of growing state debt, increasing insecurity and lack of government actions aimed at recovering real production, is creating a perfect storm.

"... The Salvadoran Foundation for Economic and Social Development (FUSADES) said the country could be entering into a severe financial political and social crisis, if a stop is not put to the uncontrollable debt levels, and if the engines of economic growth keep being smothered.

Errors in Ranking by The Economist

November 2013

Forecasting more risk of social unrest for Nicaragua than Costa Rica in 2014, indicates ignorance of the political, economic and social realities of Central America.

EDITORIAL

The print edition of "The World in 2014" by The Economist Intelligence Unit reported a measurement of the risk of social unrest in 150 countries, categorizing them into 5 levels.

Venezuela: The Misfortune of Having a Bad Neighbor

March 2014

The convulsions in Venezuela should not be seen as merely a political issue, but also from the point of view of the economic insecurity it creates in the region.

The effects of the crisis in Venezuela are not only reflected in the economy but spread quickly to the rest of the continent, particularly in countries with the most trade and economic ties.

Nicaragua Seeks New Markets After Crises in Venezuela

February 2014

The South American country is the second biggest destination for Nicaraguan exports.

Exporters to Venezuela "must be prepared" to diversify their market, due to the current situation taking place in the South American nation, said Azucena Castillo, general manager of the Association of Producers and Exporters of Nicaragua. Venezuela is the second biggest destination for Nicaraguan exports.

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