Arguing that the measures applied by the government directly harm employees and owners of restaurants and bars, a group of businessmen in Guatemala filed a legal action in the Constitutional Court.
Restrictions to productive activity have already been applied for days, since with the purpose of promoting actions aimed at interrupting the epidemiological chain of the Covid-19 disease, on April 17 Ministerial Agreement 87-2021 was published in the Diario de Centroamerica, a regulatory framework that requires a 25% reduction in the capacity of shopping centers, shopping malls, convenience stores and restaurants.
As a result of the restrictions imposed by the Guatemalan Government, local businessmen estimate that sales in the commercial sector last weekend fell by up to 50% and the number of customers in restaurants and shopping centers decreased considerably.
In order to promote actions aimed at interrupting the epidemiological chain of the Covid-19 disease, Ministerial Agreement 87-2021 was published on April 17 in the Diario de Centroamerica, a regulatory framework that requires a 25% reduction in the capacity of shopping malls, commercial centers, convenience stores and restaurants.
After in January 2021 in the context of the crisis caused by the pandemic, the Monthly Index of Economic Activity at the national level reported a 6% decrease in year on year terms, in February a smaller drop was registered, amounting to 3.5%.
The drop recorded in February continues to reflect the negative effects of the Covid-19 pandemic and the damage caused by the tropical storms of November 2020, affecting the evolution of most economic activities, mainly in "... Agriculture, Livestock, Forestry and Fishing; Manufacturing Industry; Transportation and Storage; Hotels and Restaurants; Commerce; and Private Construction; these contractions have been partially offset by the boost in the services of Mail and Telecommunications and Financial Intermediation", informed the Central Bank of Honduras (BCH).
As from April 19, the curfew nationwide will be from 12:00 midnight to 4:00 a.m. the following day, the opening of bars with outdoor terraces and the holding of sports activities with the public will be allowed.
As from next Monday, April 19, the public will be allowed to attend outdoor sports activities with a 25% capacity and without liquor sales, informed the Ministry of Health.
Shortage of some vehicle lines due to the drop in production and lack of space in cargo ships are some of the factors that will affect distributors competing in the local market during 2021.
Companies affiliated to the Association and Importers and Distributors of Motor Vehicles (Aidva), sold during last year 27,273 units, a figure that is lower by 7% than what was reported in 2019.
In the last year in El Salvador, sales of hardware stores have remained dynamic, a situation that is explained by changes in living habits resulting from the pandemic, as in recent months’ consumers have decided to invest in remodeling their homes.
The increase in family remittances is another factor that has influenced the increase in hardware store sales. According to official figures, during 2020 the country received $5,919 million in family remittances, an amount that exceeded by 5% what was reported in 2019.
During February 2021, economic activity fell 4.7% in year-on-year terms, a drop that evidences that the economic crisis caused by the covid-19 outbreak continues to affect Costa Rica.
According to the Central Bank of Costa Rica (BCCR), as per the cycle trend series of the Monthly Index of Economic Activity (IMAE), the inter-annual variation of production reached its lowest point in June 2020, at which point it began a gradual recovery process.
The business sector requests the country's authorities to repeal Executive Decree 260, which establishes measures to enter the national territory to people coming from South America.
The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) requests the National Government to discuss and support the measures to be implemented in a balanced manner, stressing the message that we are facing a health and socioeconomic crisis that must be addressed in a comprehensive manner, where decisions cannot be made exclusively by the Ministry of Health (MINSA).
Despite the complications that affected international trade due to the covid-19 outbreak, in Costa Rica in 2020, imports of grapes and oranges increased, a rise that is explained by the preference of consumers for fruits containing vitamin C.
In Panama, the Cabinet Council approved the extension for six more months of the decree which, in the context of the pandemic, provides tax benefits for the importation of medical and personal hygiene supplies.
The purpose of this policy is to maintain assured for the national population the access to hygiene and personal protection products at competitive prices, in addition to the acquisition of medical supplies necessary to strengthen and meet the medical and sanitary needs of the health sector in the fight against the pandemic that generated the outbreak of Covid-19.
In January of this year, the Monthly Index of Economic Activity reported a 15% year-on-year drop, which is similar to the behavior recorded from March to December 2020, a period in which the pandemic severely affected productive activities.
This index contracted considerably, due to the effects of the Covid-19 health emergency. Among the economic sectors that were affected were: Hotels and restaurants, other community, social and personal service activities, construction, commerce, financial intermediation, manufacturing industries, electricity and water, real estate, business and rental activities, and transportation, storage and communications, among others, according to the Comptroller General's Office of the Republic.
During 2020 in all countries of the region, construction activity decreased considerably and Central American cement imports stagnated, this adverse scenario is explained by the economic crisis generated by the pandemic.
The construction industry statistics system, which is part of the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, compiles the most important industry data for each of the countries in the region.
The oversupply of office space and changes in the dynamics and ways of working of companies have led the office rental market to a corrective or adjustment phase, which is mainly evidenced by the downward pressure on rental prices.
At the beginning of 2021, CentralAmericaData expected that in the coming years, 4 out of 5 companies will bet on hybrid work modalities, which include face-to-face and remote activities. This phenomenon will force office supply to adjust to the new market conditions.
Central America must be the driving force behind a globally accepted document that will be vital for the recovery of the global economy and tourism in particular.
The generation of a physical or digital document of global acceptance (like national passports) that certifies that the bearer has been vaccinated against Covid-19 will facilitate the movement of people that has been severely restricted as part of the measures adopted by governments, both locally and internationally, to contain the pandemic.
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