2011 Central American Economic Growth Forecast is 4%

2011-04-29

According to the International Monetary Fund (IMF), the estimated economic growth rates of the Central American countries in 2011 are, in the order of the growth rate: Panama, 7.4%; Costa Rica, 4.3%, Nicaragua, 3.5%; Honduras, 3.5%; Guatemala, 3.2%; El Salvador, 2.5%, who has the lowest rate of the Central American countries. Driven by factors such as; significant increases in foreign demand, inflow of remittances, and Panama’s high economic growth rate of 7.4%, Central American countries’ estimated average economic growth rate will reach 4% this year. The IMF also estimates that Central American economic growth rate will be 4.3% next year, while Latin America will have 4.2% of economic growth.