Economic Snapshot for Central America
August 10, 2022
GDP growth will moderate in 2022
Regional economic growth will lose steam this year, due to a tougher base effect and the impact from the Ukraine war. Higher global commodity prices are fueling inflation, eating into consumers’ pockets. Tighter financial conditions will further weigh on activity. However, lower unemployment rates and solid remittances should offer some support to household consumption.
Inflation to rose in 2022
Regional inflation rose to a record-high 8.6% in June (May: 7.9 %), driven by price increases in the majority of countries in the region. In the Dominican Republic, Jamaica and Trinidad and Tobago, inflation remained stable. This year, inflation is forecast to ease somewhat from its current level by year-end, but should still remain elevated.
5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
September 8, 2022
Consumer prices rose 0.68% in August over the previous month, below the 1.08% rise seen in July.
August 31, 2022
The Monetary Board of the Central Bank of Guatemala (Banguat) increased its key policy rate by 50 basis points from 2.25% to 2.75% at its 31 August meeting.
August 19, 2022
Economic activity rose 8.4% year on year in June, softening from May’s +26.3% increase.
August 12, 2022
Consumer prices increased 1.08% in July over the previous month, coming in below the 1.83% rise logged in June.
August 12, 2022
Consumer prices dropped 1.24% in July over the previous month, swinging from the 1.12% increase recorded in June.
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