Money in El Salvador
El Salvador - MoneyEconomic growth likely moderated in the fourth quarter of last year, although comprehensive GDP data will not be released until 31 March. Seasonally-adjusted economic activity increased in Q4 from the same quarter a year earlier at a weaker pace than in Q3, due to softer momentum in the construction sector and some service sectors such as financial services. Turning to early this year, the latest signals are mixed. On the one hand, annual remittance growth accelerated in January–February compared to Q4, which should have supported private consumption, and S&P Global Ratings upgraded its credit rating outlook for El Salvador in March to positive from stable. However, although El Salvador does not have any reported cases of coronavirus yet, in March the government banned non-Salvadorans from travelling to the country and temporarily closed all schools.
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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