Displaying items by tag: economic growth

According to a Central American economic report by BANCOLOMBIA, it reflects that, during the third quarter of 2023, El Salvador's economy grew 3.6% annually, driven by the deceleration of inflation, household consumption, public and private investment, exports, and the dynamism of the construction and public services sectors.

Published in Economy

During a television interview, the head of the Comisión Ejecutiva Portuaria Autónoma (CEPA) Federico Anliker, spoke about the millionaire investment to be made in the country's main maritime terminal, as part of the Expansion and Modernization project contemplated in the Cuscatlán Plan.

Published in Economy
Wednesday, 14 February 2024 04:05

Ministry of Labor bets on women's work

The Ministry of Labor of El Salvador is developing the Single Mothers Program, which consists of placing women who have to be mothers and fathers at the same time in jobs.

Published in Economy

The International Monetary Fund (IMF) in its latest economic projections report 2024 places Latin America and the Caribbean with a growth of 1.9% in 2024, and an increase of up to 2.5% in 2025, which implies a reduction for 2024 of 0.6 percentage points with respect to the report's projection in 2023.

 

Published in Economy

The minister of Labor Rolando Castro has visited the entire country promoting the Gira por el Empleo with businessmen and subsequently obtaining the hiring of new human talent that will contribute to the economic growth of El Salvador.

Published in Economy

Authorities in El Salvador have implemented more measures to boost economic growth. The Minister of Economy, María Luisa Hayem, highlighted that this administration has facilitated the conditions for more investors to settle in the country, eliminating bureaucracy and reducing red tape.

 

Published in Economy

Officially recorded remittance flows to low- and middle-income countries are expected to grow by 1.4% to US$656 million in 2023, while economic activity in remittance-sending countries is expected to slow, limiting employment and wage increases for migrants, according to the latest Migration and Development Review published by the World Bank.

Published in Economy

According to Moody's rating agency, Moody's explained in an analysis that improved security levels in El Salvador following the Central Government's crackdown on gangs could eventually boost investment as businesses and consumers gain confidence.

Published in Economy

The executive secretary of the Comisión Económica Para América Latina y el Caribe (ECLAC), José Manuel Salazar, said at the 2023 Annual Meeting of the World Economic Forum that the average growth rate for the last ten years (from 2014 to 2023 inclusive, considering the 1.3% growth projection for the current year) is only 0.9%.

Published in Breaking News

The President of the Banco Central de Reserva (BCR), Douglas Rodríguez, informed in a morning interview that the economic growth projection for the fourth quarter and closing of 2022 is 2.8%.

Published in Economy
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