Business and Economy
The Cargo Ferry Between El Salvador and Costa Rica to Begin Operations on August 10
The cargo ferry between El Salvador and Costa Rica will start operating on August 10, 2023. The ferry will have two departures, Monday and Thursday, from La Union Port in El Salvador to Caldera Port in Costa Rica. Blue Wave Corporation indicated that a third weekly trip could be added … Read more
El Salvador’s Credit Ratings in 2023. S&P Global Increases Rating to CCC+ with a Stable Outlook
El Salvador’s Credit Ratings in 2023 are CCC+ with a stable outlook from Standard & Poor’s, CCC+ with no outlook from Fitch’s rating, and Caa3 with a stable outlook from Moody’s. The latest update on Salvadoran credit rating was done by S&P Global Ratings on May 10, 2023. S&P Global … Read more
El Salvador’s economy will grow by 2.4 in 2023: International Monetary Fund economic outlook
After a growth of 2.6 in 2022, the International Monetary Fund predicts that the country’s economy will grow by 2.4 in 2023. The IMF prediction for 2023 is 0.7 higher than the 1.7 forecasted in October 2022. The projection made by the IMF is similar to that presented by the … Read more
El Salvador’s economy grew by 2.6% in 2022. El Salvador gross domestic product GDP
The Salvadoran Central Reserve Bank (BCR) reported that El Salvador’s economy grew by 2.6% in 2022. The BCR estimates that in 2023, El Salvador’s gross domestic product will increase from 2% to 3%. Douglas Rodriguez, president of the BCR, noted that the growth rate of 2022 is the second highest … Read more
El Salvador’s Economic growth for 2023 is expected to be around 1.6%, according to ECLAC
El Salvador’s economic growth for 2022 is expected to be around 1.6%, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC) released on December 15, 2022. The overview of the Economies of Latin America and the Caribbean is a report that examines the behavior … Read more
