SECMCA's Monthly Report: 2nd Quarter of 2010

Inflation deceleration and Risks to economic recovery.

Friday, July 30, 2010

The quarterly report from the Executive Secretary of the Central American Monetary Council (SECMCA) focuses on the region's inflation and recovery prospects.

Inflation, measured by year-on-year change in consumer prices, slowed in the second quarter of 2010 to 4.9%, compared to 2.9% in June 2009. This level is within the target limits set by the region's central banks.

Productive activity, measured by the year-on-year change in the monthly index of regional economic activity (IMAE), continues to show evidence of recovery stimulated by both domestic and foreign demand, as well as public spending and investment. The growth outlook for 2010 is forecast at 3.5%.

More on this topic

SECMCA - Situation Report - September 2009

October 2009

One year after the fall of Lehman Brothers, SECMCA analyzes the international situation, and Central America's perspectives and current situation.

Production continues to fall, as evidenced by the Central American Monthly Economic Activity Index, confirming a process started on the last trimester of 2008. June's variation was -1.9% when compared to the same month of the previous year.

SECMCA: Regional Economic Report, August 2009

September 2009

Inflation, Economic Growth, Trade, Fiscal Sector and the Monetary Sector.

Regional inflation has considerably decelerated in the past quarters, as a result of the application of a series of prudent monetary policy measures, and some exogenous factors related to the abrupt deceleration of the global economy.

Regional Production and Inflation Continue to Drop

April 2009

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

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.

February 2009: SECMCA Joint Report

February 2009

Inflation is declining and economic growth is decelerating - Analysis of the Executive Secretary of the Central American Monetary Counsel.

The excessive volatility in the financial markets and the low investor and consumer confidence levels are omens that the crisis is going to last, which is being translated into lower levels of consumption and investment and high unemployment rates in the most developed countries.