Dark Economic OutlookThe World Bank projects that the Central American economy will contract by 3.6% this year, due to restrictions on movement, a decline in remittances and tourism, and a drop in agricultural prices.Tuesday, June 9, 2020
The sudden and widespread impact of the coronavirus pandemic and the measures taken to contain it have caused a drastic contraction in the global economy, which, according to World Bank forecasts, will shrink by 5.2% this year, the bank reported on June 8.
See "Regional Outlook" as of June 2020. Do you need to monitor the main economic indicators to understand the new normal? Check out the "System for Monitoring Markets and Economic Situation in Central American Countries", developed by CentralAmericaData. ¿Busca soluciones de inteligencia comercial para su empresa?Uncertainty about Slow Progress in the Vaccination ProcessJune 2021 Although expectations for the end of 2021 are good for the Guatemalan economy, there is uncertainty regarding what will happen in the second part of the year, as the vaccination process is progressing slowly. Economy and Outlook for 2021March 2021 The World Bank predicts that by the end of this year Panama and the Dominican Republic will be the economies of the region that will grow the most, and the countries that will report the lowest increases in their production will be Costa Rica and Nicaragua. Economic Growth: Improved Forecasts for the RegionJanuary 2021 The World Bank has improved economic growth projections for all Central American economies for 2021, with Honduras, El Salvador and Panama having the most promising forecasts. Economy: Slight Improvement in Central AmericaOctober 2019 After the economies of the region grew by 2.6% in 2018 as a whole, the IMF estimates that 2019 would close with a rise of 2.7% and could reach 3.4% by 2020.
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