In line with the trend seen since last year, in July 2018, the Confidence Index of Economic Activity in Guatemala fell by 33% with respect to the same month in 2017.
The latest EconomicExpectations Survey prepared by Banco de Guatemala forecasts an inflationary rhythm of 4.19% for July, 4.22% for August and 4.36% for September 2018.As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.45% and 4.43%, in that order.In addition, for a horizon of 12 and 24 months (July 2019 and July 2020), the Panel forecasts an inflationary rhythm of 4.26% and 4.36%, respectively.
Due to the crisis affecting Nicaragua and paralysis of construction in Panama between April and May, the IMF has reduced the expectation of economic growth for the Central American region from 4% to 3.3%.
The International Monetary Fund (IMF) cut growth forecasts for the Central American economy, due to the uncertainty caused by the situation in Nicaragua and its effect on the region's economic activity, and the impact of the construction strike in Panama, which has halted works on 260 projects nationwide for the last 30 days.
Despite a decrease reported in the export of Honduran palm oil in the first months of the year, better results are anticipated for the second half of 2018, due to a higher than expected volume in the harvest.
According to figures from the Central Bank of Honduras, in the first four months of the year the country registered $54 million in exports of palm oil and its fractions, a figure that is 34% lower than the value reported in the same period in 2017.
Reinforcing the trend reported since last year, in June 2018, the Confidence Index of Economic Activity in Guatemala fell by 36% compared to the same month in 2017.
In the most recent Economic Expectations Survey conducted by the Banco de Guatemala,an inflationary rhythm of 4.25% for June, 4.24% for July and 4.37% for August 2018is forecast. As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.47% for both years.In addition, for a horizon of 12 and 24 months (June 2019 and June 2020) the Panelforecasts an inflationary rhythm of 4.35% and 4.43%, respectively.
S & P has improved Panama's outlook from stable to positive, re-affirming its BBB risk rating based on factors such as "high and consistent economic growth and a stable fiscal policy".
The rating granted by Standard & Poor's recognized "... the progress made by Panama in recent years for the automatic exchange of tax information with 33 countries and changes in legal regulations to improve transparency in the financial system."
In the optimistic scenario, which foresees an end to the crisis in Nicaragua by the end of July, economic growth at the end of 2018 would be only 1.7%, with $400 million losses in added value.
The Nicaraguan Foundation for Economic and Social Development projects that a possible first scenario would be one where "...the government accepts an early exit negotiated and implemented no later than the end of July, thus achieving a framework of understanding focused on the issues of justice and democratization, putting an end to repression, violence and citizen insecurity."
In line with the decreasing trend that has been reported since last year, in May 2018, the Confidence Index of Economic Activity in Guatemala fell by 42% compared to the same month in 2017.
According to a survey carried out by Banco deGuatemala, an inflationary rhythm of 4.09% is forecast for May, 4.12% for June and 4.09% for July 2018. Regarding expectations for the end of the year, the consulted businessmen expect December to close with inflation of 4.50%.In addition, for a horizon of 12 and 24 months (May 2019 and May 2020), the Panel forecasts an inflationary rhythm of 4.31% and 4.48%, respectively.
Explained by the dynamics of economic activity and the flow of family remittances, the Central Bank estimates that this year the economy will grow between 3% and 3.8%.
According to the authorities at Banco de Guatemala (Banguat), by 2019 the expectation is that the economy will grow between 3.1% and 4.1%, and in relation to inflation for this year and next, it is expected that the Growth rate will remain close to 4%.
In Costa Rica, between the first and second quarters of the year, expectations of business leaders fell by 4%, registering the lowest value in the last eight years.
The Research Institute of Economic Sciences at the University of Costa Rica reported that "... The result of the global index of business expectations reveals in general terms that the optimism of business leaders weakened by 2.3 percentage points compared to the previous quarter, standing at 51.3 ...".
Between February and March of this year the Confidence Index of Economic Activity rose from 46.5 to 46.9, registering an increase of just 1%.
According to the Survey on Macroeconomic Analysts' Expectations, prepared by the Central Bank of Honduras, during March the people consulted " ... stated that the country's economic situation has improved, evidenced in the macroeconomic variables at the end of 2017, which were very positive; they hope that the Government's fiscal discipline that favors control of spending will continue and that the approved tax reforms will stimulate investment and employment generation."
Continuing with the decreasing trend that has been reported since last year, in March 2018 the Confidence Index of Economic Activity fell by 30% with respect to the same month in 2017.
According to a survey carried out by Banco de Guatemala, an inflationary rhythm of 4.34% is forecast for March, 4.40% for April and 4.38% for May 2018.As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.54% and 4,65%, in order.
Currently the poultry industry has about 5.5 million birds for commercial supply and 14 million broilers, and this year they project growth of 4%.
Regarding the data on the sector, Marco Antonio Baquedano, coordinator of the National Poultry Program at the National Service for Agrifood Health and Safety (SENASA), told Latribuna.hn that "...
Last year hotel and restaurant activities in Nicaragua grew by 6% compared to 2016 and added $500 million to the GDP, which represents 4% of the total production.
According to figures from the Central Bank of Nicaragua, last year the activities of hotels and restaurants "... grew by 7%, favored by an increase in the arrival of visitors from abroad and an increase in arrivals of cruise ships to the country's main ports."
The textile guild has stated that 2017 closed with $2.6 billion in exports and an increase of almost 4%, and for this year it plans to achieve similar growth.
The Chamber of the Textile, Clothing and Free Trade Zone (Camtex) exported $2.617 billion during the past year, $95 million more than the value of exports registered in the previous year.
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,...
The lots are large, 3,000 – 5,300 sq mts with prepared building sites, all with beautiful ocean views, water and power to the site. Financing Convenient location; 10 minutes from Berlin and just 30...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
español
3369