He detailed that since five months ago exports have dropped point by point.

He also informed that they grew all last year due to the good performance at the beginning of the year, but in total in 2022 they grew 7%, already in physical volume adjusting with price, but in terms of costs they have been falling.

As for the reception of remittances for the months of january and february 2023, they showed a positive growth of 6%, compared to 2022, which closed with an average of 3%.

Another important fact highlighted by the expert is that the collection of Value Added Tax (VAT) has been in the red since july of last year, and when the point-to-point or inter-annual variation is calculated, this variation is negative.

He said that the United States for this year the economic growth projection is 0.4%, if this data is incorporated to the country's projections, the salvadoran nation will be growing one, one and a half.

He also affirmed that inflation has not been sufficiently reduced. In the country it has dropped a few points in the first months of january and february.

The economist added that since the Federal Reserve began to raise interest rates, it will always influence to increase the rates of the whole world, all have high interest rates and this will continue to rise, regardless of whether it is dollarized or not.

He explained that all signs show that the slowdown of the US economy is already affecting the Salvadoran country since the second half of last year.

Translated by: A.M