End of preview - This article contains approximately 108 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 05 January 2021
In brief: El Salvador’s economy shows signs of recovery
* El Salvador’s central bank (BCR) has released new figures which show that the country’s GDP contracted 10.2% year-on-year in the third quarter of 2020, as a result of the impact of the coronavirus (Covid-19) pandemic. This is an improvement on the 19.8% contraction registered in the second quarter of 2020. In quarterly terms, GDP grew 12% in the third quarter compared with the second quarter, with quarterly growth driven by manufacturing (33.3%); construction (26.3%); trade (25.0%); accommodation & food (16.4%); and professional, scientific, and technical activities (13.7%). The BCR forecasts that El Salvador’s GDP contracted between 7% and 8.5% in 2020.
- ECUADOR: Presidential ballot confirmed, but controversy continues
- In brief: Venezuela allows foreign currency bank accounts
- BRAZIL: Opposition closes ranks against Bolsonaro in congress
- In brief: Brazil posts solid trade surplus for 2020
- GUATEMALA: Calls for high-profile judge to face legal action
- In brief: El Salvador’s economy shows signs of recovery
- MEXICO: López Obrador makes Assange asylum offer
- In brief: Mexico’s López Obrador upbeat about economic recovery
- ARGENTINA: Fernández’s approval continues to fall
- In brief: Chile’s Imacec registers first positive growth