Economy

osta Rica's central bank has raised its growth forecasts for the country to 4.5% for 2011, amending its initial forecast as strong foreign direct investment in the telecommunications... 2011-08-01

Remittances into El Salvador have started to pick up again, after contracting in 2009 following a slowdown in growth. Data from the central bank for May showed an increase of 4.4% in... 2011-08-01

El Salvador's fiscal situation continues to deteriorate, aggravating the debt burden of the country and driving forward reliance on grants and credit from the IMF. While we are not... 2011-08-01

Urban consumer price inflation in Panama reached 6.5% y-o-y in June 2011,up from 6.4% in May and the fastest pace of growth since 2008, an indication that the economy could be showing... 2011-07-29

Honduras' consumer price inflation remained stable at 7.7% y-o-y in June 2011, which is the highest level since May 2009. While we do not expect inflation to become a major concern... 2011-07-29

Following Panama's 9.7% real GDP growth in Q111, we expect the economy to continue its impressive growth trajectory and forecast real GDP growth of 6.3% and 6.8% in 2011 and 2012 respectively.... 2011-07-29

While we expect the Honduras' current account to remain in deficit in the coming years, posting a US$11.7mn deficit in Q111, we believe recent political developments could provide a... 2011-07-28

We maintain our fairly bearish view on Guatemala's external accounts and expect a worsening of the current account deficit over the medium term, forecasting a current account shortfall... 2011-07-15

Efforts by the Banco Central de Costa Rica (BCCR) to reduce upside pressure on the exchange rate have so far proved ineffective, and as a result we believe the government will now take... 2011-07-14

BMI View: El Salvador's economy remains one of the poorest in Central America, implying it will be one of the hardest hit by the recent spike in inflation. Consumer price inflation... 2011-07-06