Economic Activity Declines in El Salvador

The FUSADES report notes that the Salvadoran economy has declined and stagnated to 2007 levels.

Thursday, November 11, 2010

Fusades presented the results of the Economic Situation Report July-September 2010.

The slight recovery observed during the second quarter of 2010 shows signs of exhaustion in the third quarter, referring to short-term indicators such as IVAE and employees contributing to the ISSS.

The Sales Indicator of the Business Dynamics Survey showed the third quarter of 2010 reached a value of -13.3, ie the number of companies reporting lower sales greater than those recorded higher sales over the same period last year.

External demand is favorable for growth, but may weaken.

Exports and imports increased by 15.9% and 18.5% respectively.

The indicators showed increased investment over the first months of the year, but the third quarter reflects a downward trend again. They remain at levels similar to 2006.

The main challenge is competitiveness and job creation.

The country has lost a few steps in global competition; this becomes the main challenge for higher growth and more job creation.

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