Integration Bank Projects Low Regional Growth

May 20, 2005

TEGUCIGALPA (ACAN-EFE) – TheCentral American Economic IntegrationBank (BCIE) last week projected 3.2%economic growth for Central America thisyear, citing international economic trendsas the causes for this relatively low rate.In 2004, the region’s economy grew3.7%, but the region “will lose dynamismin the face of deceleration of the worldeconomy, elevated petroleum prices andthe gradual increase of international interestrates.”These statements were part of the“Economic Trends and Perspectives forCentral America” report that BCIE economichead Marvin Taylor presented May11.“The region’s modest growth will beinfluenced as well by greater competitionfrom continental China, especially the textilesector,” the report says.The most dynamic economy this year isexpected to be Honduras at 4.3%, accordingto the report’s predictions, followed byNicaragua (3.8%), Costa Rica (3.4%),Guatemala (3.2%) and El Salvador (2.5%).The report said external demand andinvestment, enhanced by the positive contributionsthe Central American Free-TradeAgreement with the United States(CAFTA) would provide if ratified, alongwith advances toward a Central AmericanCustoms Union, may help increase economicgrowth this year.

You may be interested

Looking back at Hurricane Maria: the initial impact
Weather
1169 views
Weather
1169 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
3656 views
Weather
3656 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
859 views
Keylor Navas
859 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…