españolThe Impact of the Crisis on the Education BusinessWednesday, October 21, 2020 Due to the economic crisis generated by the covid-19 outbreak, it is estimated that between 10% and 12% of students in private institutions in Costa Rica have stopped demanding the services, and tuition fees have gone down. When the first cases were detected in the country in March, the authorities began to decree restrictions on mobility and productive activities, a situation that generated a severe economic crisis. Economy Keeps Recovering its DynamismTuesday, October 20, 2020 After the IMAE in Honduras registered a -22% year-on-year variation in May of this year, during July and August the contraction of Honduran production was less, reporting falls of 13% and 8%, respectively. The measures adopted to face the Covid-19 health emergency have had a negative impact on economic activity, reflected in the accumulated variation to August 2020 of the Monthly Index of Economic Activity (IMAE), which shows a 10% contraction in its original series, reported the Central Bank of Honduras (BCH). Economic Growth: Year-End ForecastsThursday, October 22, 2020 According to IMF forecasts, Panama and El Salvador are the economies that in 2020 will report the worst falls in their production, while Guatemala would be the country in the region that would emerge best from this economic and health crisis. Due to the severe economic crisis generated by the covid-19 outbreak, the economic growth projections calculated by international organizations are not at all encouraging for Central America. Economic Reactivation: Proposals to Shorten DeadlinesMonday, August 31, 2020 After five months of restrictions on productive activities, the Panamanian business sector proposes to shorten the dates of the "Updated Plan for National-Provincial Reopening" and to set that schedule in September. For the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP), the country is not only experiencing a health pandemic, it is also in the midst of a socio-economic crisis that has affected businesses, the labor market and the State's revenues. Currently, there are activities that cannot go on for another week without operating. Costa Rica: Income Down, Poverty UpThursday, October 15, 2020 In the context of the health and economic crisis that the country is suffering, between 2019 and 2020 the average income per household decreased by 12%, and the incidence of poverty increased from 21% to 26%. The average income per household according to the 2020 National Household Survey (Enaho) is ₡891,934 per month ($1,487), which represents a variation of -12.2% from the previous year, when it was at ₡1,016,358 ($1,694). In per capita terms, income is estimated at ₡326,483 ($544) per month, which represents a 13.2% decrease from the 2019 estimate, when it was at ₡376,333 ($627), both variations being statistically significant. USA Improves Travel Recommendation to Costa RicaWednesday, October 14, 2020 The US government decreased from 4 to 3 the level of the travel alert it issues for its citizens to evaluate the possibility of traveling to Costa Rica. The US Government Administration improved this October 12 the recommendation for travel to Costa Rica from level 4 (no travel) to level 3 (reconsider travel due to Covid-19). The measure is effective immediately, informed the Costa Rican Tourism Institute (ICT). Economic Activity: Slight Improvement in Costa RicaMonday, October 12, 2020 In the context of the crisis generated by the outbreak of covid-19 and after reporting a -9% year-on-year variation in July, in August the IMAE registered a smaller reduction by contracting 8% compared to the same month in 2019. The fall in the volume of production is greater in the activities of hotels and restaurants (59.3%), transport and storage (27.4%) and trade (15.5%), all of which is closely related to the greater incidence in these sectors of national and international restrictions on the movement of people and goods, reported the Central Bank of Costa Rica (BCCR). Costa Rica: Bars and Casinos to ReopenTuesday, October 6, 2020 After being closed for more than seven months, starting October 8, about 4,500 establishments that are identified as bars or casinos in the country will be able to reopen to the public. The bars that reopen will only be able to serve 50% of their capacity and the distance between the backs of the chairs at each table must be at least 1.8 meters. Restaurants: Food Courts Reactivate OperationsFriday, October 2, 2020 In Guatemala, since October 1st, shopping malls have reactivated their operations, and businessmen in the sector estimate that sales will be 40% of the levels reported before covid-19. The Alert System applied by the Guatemalan government since the end of July did not allow the service of tables in the food plazas; however, with the update of the board, the green light was given to reactivate the attention in these areas. How to Generate More Jobs?Monday, June 8, 2020 Eliminating "tax harassment", suspending threatening messages to the private sector, such as lifting bank secrecy, and stopping persecuting the formal employer is part of what Costa Rican entrepreneurs are proposing to generate more jobs in the next two years. In Costa Rica, the business sector presented the Alvarado administration with a proposal of 113 actions to generate new jobs in the next two years. Economic Reopening: Sanctions in GuatemalaFriday, October 16, 2020 Arguing that this is misleading advertising, the Directorate of Consumer Services has sanctioned businesses that offer "covid-19 free zones" in the country's capital. According to Guatemalan authorities, five establishments have already been sanctioned, since these businesses have offered free covid-19 tests or masks that ensure total protection against infection, which is classified as misleading advertising. Strategies for ReopeningWednesday, September 30, 2020 Verifying the new levels of demand, offering only basic products or services, and delaying investments as much as possible to recover cash flow, are some of the strategies that businesses plan to implement to face the new commercial reality. Because of the covid-19 outbreak in Central America, governments decreed strict home quarantines and restricted most economic activities and the movement of consumers. One More Step Towards Economic RevivalTuesday, September 29, 2020 In Guatemala, the Giammattei administration decided not to request an extension of the State of Calamity and as of October 1, cinemas, pubs, parks, swimming pools will be reopened and events, fairs and concerts will also be allowed, even if the place is on red alert. The ref="https://centralamericadata.com/en/article/home/Guatemala_comienza_a_reabrir_su_economa" target="_blank">Health Alert System that has been in place in the country since the end of July and that serves to try to contain the advance of covid-19 has four alerts: red or maximum, orange or high, yellow or moderate, and green (new normal). Stores and Restaurants Reopen in PanamaMonday, September 28, 2020 After six months of restricted activity, as of September 28th the shopping centers and restaurants reopen their doors to the public. Due to the outbreak of covid-19, most commercial activities have been suspended since March of this year. Economic Recovery: Which Sectors Are Winning?Wednesday, October 14, 2020 Agriculture, Financial and Insurance Activities, and Real Estate Activities, are the sectors that in Guatemala and in the context of the economic reopening, have increased their growth forecasts for 2020. In June, when mobility restrictions were severe in the country due to the outbreak of covid-19, the Bank of Guatemala (Banguat) predicted that by the end of the year, Agriculture would grow by 1.1%, Financial and insurance activities by 2% and Real estate activities by 2.8%. |
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Wednesday, October 28, 2020 - last update: 4:19 pm
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