The World Bank (WB), through a Growth Outlook report for Latin America and the Caribbean, raised the economic growth outlook for El Salvador to 2.8% for this year 2023. The expected growth was 2.3% prior to this increase.
«In general terms, the response in the form of well-founded policies, unimaginable in the region just a generation ago, resulted not only in greater resilience in the face of adverse shocks, but also in a performance in terms of fighting inflation superior to that of the Organization for Economic Cooperation and Development (OECD),” states the WB report.
It should be noted that the projection made by the multilateral, based in Washington, United States, is higher than that announced at the end of September by the Central Reserve Bank of El Salvador (BCR), which indicated that the economy will close the year with a 2.6% growth.
The World Bank has adjusted the growth projections for the economy of El Salvador, going from 2.3% to 2.8%.
During the second quarter of 2023, the country has reported economic growth of 3%. pic.twitter.com/HOysc1WOJR
— Noticiero El Salvador ???????? (@NoticieroSLV) October 5, 2023
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