The entity had set this indicator at 2 % in its first report for 2024, but with the new study it equals its projection with that of the Central Reserve Bank.
The Economic Commission for Latin America and the Caribbean (ECLAC) increased from 3% to 3.5% the economic growth of El Salvador for 2024, after the presentation of a new edition of its annual report Economic Survey of Latin America and the Caribbean 2024: Low growth trap, climate change and employment dynamics.
According to the entity’s study, the country’s growth projection would be above that of Central America and Mexico, which is estimated at 2.2 % and of the Latin American total of 1.8 %. The sub-region that would experience the lowest growth is South America with 1.5%, which by 2025 would be recovering to 2.4%.
At the beginning of 2024, ECLAC had projected the country’s economic growth at 2 %, an index that improved to the current 3.5 %, which is in line with the projections of the Central Reserve Bank (BCR) for this year.
Meanwhile, the International Monetary Fund (IMF) confirmed that the Salvadoran economy will grow by 3% this 2024. The multilateral had set this indicator at 1.9 % in October 2023, but changed it thanks to the results at the end of 2023, set by the BCR at 3.5 %.
The IMF also continues to place the Salvadoran economy in positive growth figures compared to Latin America and the Caribbean, a region that as a whole will grow by 2% this year, according to the entity.
Source: Diario El Salvador
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