LatinNews Daily - 01 April 2022

In brief: El Salvador posts solid growth in 2021

* El Salvador’s central bank (BCR) has released new figures which show the country’s GDP grew 10.3% in 2021, after contracting 7.9% in 2020 as a result of the coronavirus (Covid-19) pandemic. The BCR said that the economy has recovered and exceeds production levels observed prior to the pandemic. According to the bank, economic growth was driven by restaurants & hotels (+36.5%); transport & storage (+17.0%); health & social assistance (+16.7%); and the manufacturing industry (+12.2%). The BCR is forecasting economic growth of 3.2% for El Salvador for 2022.

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