Economy

Following the decision by Honduras's central bank to revalue the lempira in late July, we expect the authorities to continue moderately devaluing the currency in the coming months,... 2011-09-22

El Salvador's long-standing structural deficit in its balance of goods trade is likely to expand in the coming months. While import and export growth has historically moved in sync,... 2011-09-05

Urban consumer price inflation slowed to 5.4% y-o-y in July 2011, down from 6.5% y-o-y in June. This will be welcome news to the Panamanian authorities as June's reading marked the... 2011-09-05

Honduras's consumer price inflation remained stable at 7.7% y-o-y in July 2011, still the highest level of price growth since May 2009. While we maintain that inflationary pressures... 2011-09-05

With inflation picking up in Nicaragua and questions over external account stability budding, we believe the issue of the crawling-peg currency could once again resurface. While Nicaraguan... 2011-09-05

After contracting by 25% y-o-y in May, El Salvador has seen growth of remittances pick up through the summer, with 7.0% y-o-y growth in August. While nowhere near their pre-recession... 2011-09-04

As Honduras continues to face an internal security crisis caused by the uptick in drug trafficking throughout the country, recent developments in the north have prompted a downward... 2011-09-02

We have revised down our end of year forecasts for Costa Rica's policy rate to 4.5%, from 6.5% previously. We believe that inflationary pressures will abate and economic growth concerns... 2011-08-24

Guatemala's trade deficit reached US$2.95bn over the first six months of 2011, as the value of imports remains more than double the size of total export value. In June 2011, imports... 2011-08-01

Revenue from tourism in Nicaragua grew by 22% in the first quarter of 2011, generating revenues of US$93.6mn as 432,000 tourists entered the country between January and May. Government... 2011-08-01