Displaying items by tag: growth
The Inter-American Development Bank (IDB) held a high-level dialogue during the 37th meeting of the governors of the IDB member countries of the Central American Isthmus and the Dominican Republic, which took place on february 5 and 6 in Antigua, Guatemala.
El Salvador, according to the United Nations Agency for Tourism, reports a 40% increase in tourism, making it the fifth country with the highest tourism growth in 2023.
The US bank J.P. Morgan published a document where it points out that El Salvador has less and less risk of default, so it no longer depends on good economic conditions to meet its tax obligations.
In a morning interview, economics expert, Cesar Villalona, explained that in a report of the Banco Central de Reserva of the first 3 months of 2023 reflects that the economy has a recessive growth of 0.8%, El Salvador's economic growth depends on private investment.
In El Salvador, the Índice de Volumen de Actividad Económica (IVAE, seasonally adjusted series), registered a variation of 3.9% in april 2023 when compared to the same month of the previous year (interannual variation). This result is higher than the 2.1% recorded twelve months earlier.
The Superintendencia del Sistema Financiero (SSF), reported that savings accounts show an 8% increase as of january 20, 2023, which represents an interannual growth of US$437.6 million, marking a positive trend of the population towards savings.
The Banco Central de Reserva (BCR), affirms that the economic growth for the second quarter of 2022 is 2.8%. In this sense, the President of the BCR, Douglas Rodriguez affirms that El Salvador will not have a recession this year.
Inversiones Bolivar, a leader in the real estate sector with more than 60 years in the market, successfully concludes one of its most emblematic housing complexes: Santa Rosa a dream come true that has improved the standard of living for its inhabitants and boosted socioeconomic growth in the northeast of Santa Tecla.
The Volume Index of Economic Activity reflected 4.3% growth in june 2022, compared to the same period in 2021. This growth was driven by 8 of the 9 economic activity groups that comprise it.
The Consejo de Ministros de Hacienda o Finanzas de Centroamérica, Panamá y República Dominicana (COSEFIN), presented a report on economic activity, inflation and economic cycles in the region.