Confidence of Central American Entrepreneurs Drops

Given the current economic climate, distrust and pessimism has taken over Central American Business.

Thursday, March 5, 2009

El Salvador published on its website: "While there are very particular circumstances in each country, a very promising future is not foreseen. One of the things that hinder economic development is the decline in credit and sales which has resulted in job losses. These are some of the findings of various studies that measure the perception of entrepreneurs in the region ran by private and government entities. Theses feelings were shared in a video conference organized by the Central American Economic Integration Bank (BCIE)."

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The latest cases of political corruption revealed, the fiscal crisis and the poor economic situation have plunged business confidence to its lowest level since 2009.

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Businessmen Concerns in Costa Rica

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The slow opening of the telecommunications market and the exchange rate are key factors in the decline in business confidence over the previous quarter.

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Little Optimism Among Costa Rican Businessmen

December 2009

Companies remain cautious on a potential economic recovery.

The Business Confidence Index stands at 3.65, out of a maximum of 10. It is elaborated by Uccaep, the union of business chambers of Costa Rica.

"The indicator shows that corporate expectations are worse than the last quarter of 2008, when the Index recorded 6.04 points", reports

Costa Rica: Index of Business Confidence Drops 26%

February 2009

The study is related to the quarterly survey "Business Pulse" by the Costa Rican Union of Chambers and Associations of the Private Business Sector.

El Financiero, in its website, publishes: "The consumer confidence [index] measures the expectations for the first quarter of the year (January, February, and March).

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