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LatinNews Daily - 02 July 2020

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In brief: El Salvador registers poor GDP growth in Q1

* El Salvador’s central bank (BCR) has announced that the country’s GDP grew by 0.8% year-on-year in the first quarter of 2020, attributing this growth to stability in the financial sector, as lockdown measures to counter the spread of coronavirus (Covid-19) caused contractions in most other sectors. The BCR also announced that it is forecasting that El Salvador’s GDP will contract by a total of between 6.5%-8.5% in 2020, down from the 2%-4% decline forecast in April.