Economy of El Salvador in the Third Quarter of 2011

FUSADES has submitted a Situation Report for the period July-September 2011.

Wednesday, November 16, 2011

A press release from the Salvadoran Foundation for Economic and Social Development (FUSADES in Spanish) states:

Historically, public policies have not really taken into account recurring negative impacts.

El Salvador is a country that experiences with natural disasters, such as earthquakes, storms, and floods, among others.

It is not natural disasters themselves, but in large part, the actions or omissions of the individual and collective that leave us vulnerable and create economic and social damage. This is what turns natural disasters into threats.

In reviewing our actions, we see that the composition of public spending does not match the needs of the country's sustainable development. It is estimated that from 2008 to 2011 $1.500 million of expenditure has been financed by public debt, a figure inconsistent with the reality of frequent negative impacts.

Maintaining this structure of public expenditure, high current expenditures (subsidies and wages) and low investment, is maximizing the damage and has a high social cost. Even before Tropical Depression 12E public finances showed signs of a serious need for adjustment measures.

El Salvador does have the material conditions to make the necessary changes and has potential for growth and progress, but national unity is needed. At this moment in time we are presented with the opportunity to unify, and seek creative solutions that put the country on the path to growth and social progress.

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El Salvador's Economy in 2nd Quarter of 2013

August 2013

According to FUSADES, during the period GDP grew by 1.4%, there was a slight increase of 5.6% in exports and the investment climate remained unfavorable.

The Salvadoran Foundation for Economic and Social Development (Fusades) has released its Situation Report for the first quarter of 2013, which also highlights the unsustainability of the fiscal situation.

The Economy of El Salvador in the Second Quarter of 2012

August 2012

The Salvadoran Foundation for Economic and Social Development (FUSADES) has released its Situation Report for the period April-June 2012.

From the press release by Fusades:

While the global environment is complicated, the Salvadoran economy in the first half shows a trend of deceleration, and the institutional crisis is further deteriorating the investment climate.

Economy of El Salvador in Second Quarter of 2011

August 2011

FUSADES has released a Situation Report for the period April to June 2011.

The report presents a comprehensive quarterly analysis of the behavior of El Salvador’s major economic indicators of, relating to the following sectors and issues: prices, real estate, fiscal, financial, external, agriculture, environment, social and global perspectives.

Economic Activity Declines in El Salvador

November 2010

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

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.