El Salvador is Consuming More Imported Rice and BeansTuesday, February 2, 2021 During 2020 in the Salvadoran market, bean imports increased by 122% and rice imports by 51%, a rise that is reported in the context of the health and economic crisis generated by the outbreak of covid-19. Figures from the Central Reserve Bank specify that between 2019 and 2020, foreign purchases of beans increased from $33 million to $60 million, and those of rice increased from $30 million to $45 million. The High Fiscal Cost of Anti-Covid-19 MeasuresWednesday, March 25, 2020 For Moody's, the Costa Rican government's response to the Covid-19 crisis will put negative pressure on the country's fiscal profile. According to the rating agency's analysis, the measures include a three-month moratorium on tax payments, a gradual reduction in corporate social benefit contributions and extended credit lines for the companies most affected by the economic recession.
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Post-Quarantine Consumption PatternsWednesday, March 25, 2020 Once the Central American economies begin to return to normal, as the restriction and quarantine measures that have been taken to prevent the spread of the covid-19 are relaxed, household consumption patterns will have changed significantly. For example, the demand for meals out of home will decrease by about 7% from the levels reported prior to the crisis. Economy Closures: What is Expected in 2021?Monday, December 7, 2020 Although the end of the year holidays is a threat to Central America for a second wave of covid-19 infections, it is expected that total closures will not be decreed since there are currently effective health control options, and less costly for the economy. When the first cases of covid-19 were reported in the region in March 2020, most governments decided to paralyze a large part of productive activities and decree home quarantines. Food and Cleaning: Crisis and OpportunitiesMonday, April 6, 2020 In the context of the current health emergency, Costa Rican companies working in the production of food and cleaning supplies have had to considerably increase their operations to cover the growing demand. The covid-19 outbreak caused consumers to increase spending on basic necessities such as food and cleaning supplies in recent weeks, forcing companies in these sectors to work overtime, invest in equipment and hire more workers on a temporary basis. Real Estate: Businesses StopMonday, April 6, 2020 Some of the effects of the health emergency and the restrictions decreed by the government on the real estate sector in Guatemala are the cancellation of appointments with clients and the suspension of projects and contracts. In the case of residential construction, businessmen anticipate that a considerable drop could be reported later, since the drop in remittances combined with the increase in unemployment, will affect the willingness to build or buy a house. Restaurants Ask for More Flexible SchedulesTuesday, April 7, 2020 Businessmen in the sector in Costa Rica requested the authorities to modify the last restriction, which prohibits restaurants from providing self-service after 5 p.m. According to directors of the Costa Rican Chamber of Restaurants (Cacore), the measure of sanitary vehicle restriction, which forces establishments to close at 5 pm, has caused a collapse in the express service system itself and through platforms.
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Processed Meat and Post-Quarantine DemandWednesday, April 8, 2020 When the economies of Central America begin to relax the restrictions that have been taken to prevent the spread of covid-19, it is expected that in the area of processed meats, sales of pork ham will be among the most contracted. Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted. Commercial Sector Suggests Resumption of ActivitiesWednesday, April 22, 2020 Applying cleaning and prevention protocols in workplaces and shops, such as those stipulated by the health authorities, are the proposals of Costa Rican businessmen to resume the commercial activity that has been restricted since mid-March. Following the spread of covid-19, in Costa Rica and the other Central American countries, governments have decreed mandatory quarantines and have also restricted the movement of consumers at certain times. Panama: Road to Economic RecoveryMonday, May 4, 2020 Allowing the operation of economic sectors with low density and lower risk of transmission of covid-19, with the respective biosecurity measures, is the request of the Panamanian business sector to begin to revive the economy. In this scenario of health emergency and spread of covid-19, businessmen have already held talks with both the Ministry of Health (MINSA) and the Ministry of Commerce and Industries (MICI) on the gradual opening of activities that lead to the resumption of work in sectors that commit to do so through strict compliance with general and specific protocols approved by the authorities, explains a publication by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP).
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Meat: Forecast for the Panamanian MarketWednesday, May 6, 2020 When the country's authorities begin to lift the restrictions that have been taken to prevent the spread of covid-19, it is predicted that in the meat sector, sales of chicken could contract by 2%. Through a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and services can be projected as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.
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Beverage: Post-Quarantine Consumption ForecastWednesday, April 1, 2020 As Central American economies ease the restrictions that have been placed on the spread of covid-19, sales of bottled water are forecast to decline by at least 2%. Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and services can be projected as the most critical phases in the spread of covid-19 are overcome and mobility restrictions are lifted in the countries of the region.
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Personal Care: Post-Quarantine SalesThursday, April 2, 2020 Once the economies of Central America begin to relax the restrictions that have been adopted to prevent the spread of covid-19, sales of lotions and perfumes are predicted to decline by at least 4%. Using a demand-income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted.
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Entertainment: Post-Quarantine Consumption ForecastsMonday, March 30, 2020 As the restriction and quarantine measures taken to prevent the spread of covid-19 in the Central American economies are relaxed, cinema ticket sales are forecast to fall by 6%. Using a demand-income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of the covid19 are overcome and the measures restricting mobility in the countries of the region are lifted. Covid Passport: Essential for Economic RecoveryTuesday, March 16, 2021 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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