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Costa Rica

Recently released data shows that Costa Rica's current account deficit came in at US$0.5bn in Q113 on the back of substantial trade and income account shortfalls. Indeed, in line with... 2013-07-01


El Salvador

After El Salvador posted growth of 1.4% year-on-year in Q114, we maintain our forecast for real GDP growth of 1.8% in 2013, implying only a modest acceleration in coming months. The... 2013-07-01


Nicaragua

In line with our expectations, the Nicaraguan economy slowed noticeably in the first quarter of 2013, posting growth of 3.6% year-on-year (y-o-y), down from the 5.2% annual growth recorded... 2013-07-01


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Guatemala

After Guatemala's posted only 0.2% year-on-year (y-o-y) growth in March, the economic activity indicator rebounded sharply in April, recording a 5.5% y-o-y expansion. However, we believe... 2013-06-28


Honduras

Honduras posted a substantial US$1.1bn goods trade shortfall in the first three months of the year. Moreover, with coffee output sluggish due to a virulent strain of coffee rust, and... 2013-06-28


Costa Rica

Following relatively poor export data for Costa Rica in recent months, and our view that manufactured goods and coffee exports are unlikely to see major upside in the short term, we... 2013-06-24


El Salvador

In April, El Salvador reported 0.0% year-on-year (y-o-y) consumer price inflation. While this continued a trend of low prices seen since H212, we note that with continued sluggish growth... 2013-06-03


Costa Rica

Costa Rica's foreign reserves have jumped in recent months to reach US$8.1bn in May. While we expected that upside pressures on the exchange rate would force the central bank to continue... 2013-06-03

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