Home / Daily Briefs / 2023 / 11 / El Salvador expects 'difficult year' for economy

El Salvador expects 'difficult year' for economy

El Salvador expects 'difficult year' for economy

January 11, 2023 | Hernán Goicochea
Finance Minister Alejandro Zelaya says an expected decline in remittances from the US and Europe could slow GDP growth

Corporate & Sovereign Strategy Economy & Policy Capital Markets El Salvador

El Salvador's Finance Minister Alejandro Zelaya said Tuesday that a possible recession in the United States and Europe could lead to a decline in remittances from abroad and slow down the local economy. "From my perspective, I think [2023] is going to be a difficult year, but not the most difficult," Zelaya said in an interview with local television program Frente a Frente on Telecorporacion Salvadoreña (TCS). "We are still monitoring oil price indicators among other things to see how the first

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial