At the Consejo Monetario Centroamericano meeting, central bank authorities indicated that, despite global economic challenges, the Central American region showed a remarkable inter-annual economic growth of 6.4%, with significant variations among countries.
Regarding inflation, El Salvador registered an inter-annual variation of the Índice de Precios al Consumidor (IPC) of 1.48% in june 2024, Honduras obtained 4.87% and Nicaragua 4.82%. This data suggests price stability, but may also reflect weak domestic demand, correlated with low economic growth.
Among the countries evaluated were: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic (CARD), which evaluated the performance of their economies during the first half of 2024 and projected the behavior for the end of the year.
The projections for 2025, discussed during the meeting, indicate that the evolution of the global and regional economy will be key to determine the course of the economies of the member countries of the Consejo Monetario Centroamericano.
El Salvador’s participation in this type of regional forum is crucial for coordinating economic policies to address external pressures and improve short and medium-term prospects. Decisions taken in this area could be decisive for the country’s economic future.