Regional Production and Inflation Continue to Drop

Situation Report for March 2009 by the Executive Secretary of the Central American Monetary Council (SECMCA).

Wednesday, April 1, 2009

The Central American - Dominican Republic region could experience economic stagnation or a slight decline in 2009. According to what was published in the February report, econometric projections of regional economic growth already considered that the area of economic stagnation is at its bottom point. Projections with data from the Monthly Indicator of Economic Activity and variables related to production that are more up to date, indicate that if this trend continues and if the same global conditions are maintained, the rate of growth in 2009 could fall below zero (-0.5%).

The risks of inflation in the region have declined in recent months as a result of monetary policy measures taken last year and the falling prices of oil products and certain commodities.



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