Economic Snapshot for Central America
December 1, 2022
Economic Growth
Economic growth in the region is set to slow notably next year. Household spending will be dented by still-elevated inflation and downbeat consumer sentiment. Meanwhile, fixed investment growth will be weighed on by tighter monetary policy and global economic uncertainty. The region is also vulnerable to a recession in the U.S., although the impact would differ by country.
Inflation Outlook
Regional inflation moderated for the second month running (September: 8.3%; August: 8.6 %). This suggests that inflation has largely peaked in the region; all countries for which data is available registered lower price pressures barring one . While inflation is set to moderate next year, it will remain elevated by recent historical standards.
Sample Report
5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
-
Costa Rica: Economic activity growth falls to over one-year low in September
November 11, 2022
Economic activity grew 1.7% in September (August: +4.4%).
-
Costa Rica: Inflation drops to lowest level since May in October
November 7, 2022
Inflation fell to 9.0% in October, following September’s 10.4%.
-
Dominican Republic: Inflation drops to lowest level since November 2021 in October
November 3, 2022
Inflation came in at 8.2% in October, down from September’s 8.6%.
-
Dominican Republic: Central Bank tightens policy further in October
October 31, 2022
At its 31 October meeting, the Central Bank of the Dominican Republic (BCRD) delivered another 25 basis point hike, raising its policy rate to 8.50%.
-
Costa Rica: GDP growth records slowest increase since Q1 2021 in Q3
October 31, 2022
Preliminary data shows that GDP growth lost momentum in Q3, falling to 2.4% year on year from 6.1% in the second quarter.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
