LatinNews Daily - 18 August 2021

In brief: El Salvador’s central bank raises growth forecast

* El Salvador’s central bank (BCR) has raised its GDP growth forecast for 2021 to 9%, up from 6% in its previous prediction in June. A BCR press release cited as grounds for its decision: actions taken by the government in response to the coronavirus (Covid-19) pandemic such as the creation of a trust fund for economic recovery of Salvadorean firms (Firempresa); increased public investment through the development of public works; increased private investment; and progress in the country’s Covid-19 vaccination campaign (30.7% of the population has been fully vaccinated as of 16 August), among other things. El Salvador’s GDP grew 3% in the first quarter of 2021 year-on-year, having contracted 7.9% in 2020 as a result of the pandemic.

End of preview - This article contains approximately 121 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.