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CABEI's latest report highlights a better outlook for Central American countries, after being affected by the constant increases in oil, electric energy, raw materials and food imported from Europe.
This multilateral organization affirms that the Monthly Index of Economic Activities (IMAE) registered positive variations, with Panama being the country with the best growth of 13.8%, while El Salvador grew 2.1% up to march.
El Salvador currently shows a high inflation rate of 6.55% while the lowest rates were registered in Guatemala and Panama.
In the country alone, foreign trade grew by 17.7% in the month of march and remittances in the same month by 5.5%.
According to CABEI, this dynamism has contributed to the generation of new jobs, of which Guatemala reported the best growth, followed by the Dominican Republic, Nicaragua and El Salvador 3.4%.
The measures the evolution of the economy, specifically the behavior of the added value of the different industries and companies included in the calculation of the Gross Domestic Product (GDP) at basic prices.