Following the approval of the legal framework that recognizes Bitcoin as a legal tender in El Salvador, one out of two local businessmen are concerned that the circulation of the cryptocurrency is mandatory and one out of three are distrustful of this change in the laws.
The Chamber of Commerce and Industry of El Salvador carried out a survey among its members, businessmen in general and citizen consumers to know the expectations of the productive sector regarding the implementation of the cryptocurrency.
Following the visit of US Vice President Kamala Harris to Guatemala, the business sector assures that in order to reduce illegal migration from Central America to the US, it is necessary to create a favorable and comfortable environment for local and foreign investment in the countries of the region.
As part of Harris' visit to Guatemala, Agexport prepared a document with proposals that reflect the experience it has accumulated over many years, incorporating Guatemalans and small rural businesses into export chains, generating income that allows them to remain in their territories.
In the I Quarter of 2021, 58% of businessmen reported stability in employment, while 36% reported better economic conditions compared to the same period in 2020.
The I Business Perception Survey 2021, conducted by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF), indicates that 36% of the executives consulted, confirmed a recovery in their sales in the first quarter of the year, with a growth of up to 20% compared to the first quarter of 2020.
After in 2020 most franchises operating in the country reported declines in their operations because of the pandemic, expectations for 2021 is to overcome the losses and in some cases grow.
According to the report "Prospects for 2021 and the situation of franchises in Guatemala and Central America" prepared by the Guatemalan Franchise Association (AGF), in the country in the current context four out of 10 companies have closed between 1% and 10% of their franchise units or establishments.
After reporting a 2% drop in October from the previous month, in November the Economic Activity Confidence Index continued to decline, registering a 6% decrease.
The Panel forecasts an inflationary rhythm of 4.91% for November, 4.75% for December 2020 and 4.60% for January 2021, according to the Bank of Guatemala's report.
After the Economic Activity Confidence Index reported a 19% drop in March 2020, in April the situation worsened with a -43% year-on-year variation, a drop that agrees with the advance of the health crisis in the country.
In April 2020, the level of the Economic Activity Confidence Index stood at 32.64 points, 43.25% lower than that recorded in March 2020 (57.52 points) and fell by 26.83% compared to April 2019 (44.61 points), reported the Bank of Guatemala.
In February 2020, the Index of Confidence in Economic Activity in Guatemala reported a 64% growth compared to the same month last year, reinforcing the upward trend that has been registered since July 2019.
Businessmen forecast an inflationary rhythm of 3.25% for February, 3.36% for March and 3.38% for April 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.16% and 4.20%, in that order.
During January in Honduras, the Economic Activity Confidence Index registered a slight increase of 9% compared to what was reported at the end of 2019.
Informants said that the main factors that could influence the behavior of inflation during 2020 are: the increase in fuel prices and its impact on electricity rates, as well as price increases in some food and certain raw materials, explains a report by the Central Bank of Honduras.
In January, the Economic Activity Confidence Index registered a 39% increase compared to the same month in 2019, reinforcing the upward trend that has been reported since July 2019.
An inflationary rhythm of 3.72% is forecast for January, 3.71% for February and 3.84% for March 2020.
Because the private sector believes that the conditions to formalize companies and generate new jobs do not exist, the employers are urging the government to declare an emergency due to the unemployment situation.
It is estimated that only 33,000 new jobs were generated in the country last year, which includes jobs in companies and government institutions.
During December 2019 in Honduras, the Economic Activity Confidence Index registered a 33% decrease with respect to what was reported at the end of 2018.
Analysts said they expect that the slower evolution of the world economy and adverse weather conditions could continue to affect the growth of the Honduran economy, reported the Central Bank of Honduras.
Alejandro Giammattei, Guatemala's new president, is hosting a country with weak institutions, legal uncertainty and a business sector that is asking for a less "hostile" environment for new investments.
A few days before the new government takes office in Guatemala, the Economic Activity Confidence Index reported a 21% year-on-year growth.
Figures from the Bank of Guatemala indicate that in December 2019 the country's Confidence in Economic Activity Index (Icae) reported a considerable increase compared to the same month in 2018, a performance that reinforces the upward trend it has been registering since July last year.
The electoral triumph of Alejandro Giammattei and the appointments he is making in his cabinet to assume next January 14, are the main reasons that explain the upturn that has had business confidence since July.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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