Money in El Salvador
El Salvador - MoneyEconomic growth accelerated in the third quarter, boosted by stronger export growth and robust private consumption, which was likely supported by solid remittances. On the other hand, fixed investment slowed, likely influenced by slightly weaker bank lending growth, while spending by the cash-strapped government dropped for the second consecutive quarter. Moving forward, available data points to a mixed Q4: Remittance growth held up well throughout the period, likely underpinning private consumption, although bank lending growth slowed for the third month in a row in November, suggesting fixed investment was modest. For its part, annual economic activity growth slowed slightly in October. Meanwhile, in politics, Parliament approved a tight government budget for 2020 on 13 December, which should help strengthen the public finances over time.
El Salvador - Money Data
|Money (annual variation in %)||-0.4||6.3||3.4||10.4||5.8|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador Money Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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