Economic Snapshot for Central America
December 1, 2022
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.
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.
5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
November 11, 2022
Economic activity grew 1.7% in September (August: +4.4%).
November 7, 2022
Inflation fell to 9.0% in October, following September’s 10.4%.
November 3, 2022
Inflation came in at 8.2% in October, down from September’s 8.6%.
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%.
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.
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