From the press release by Fusades:
While the global environment is complicated, the Salvadoran economy in the first half shows a trend of deceleration, and the institutional crisis is further deteriorating the investment climate.
The world economy is weaker and looks likely to worsen.
In 2012 an increase of 3.5% in world output is projected, which is lower than the previous two years.
The creation of jobs in advanced economies is inadequate, unemployment remains high (8.3% in the U.S.) and investment has slowed.
The pressure on financial markets and public debt of peripheral European countries like Spain and Italy, became intensified.
Food crop prices suffer further from the escalation of the drought
America faces the worst drought since 1956, impacting soybeans and corn a lower production, having has lost 25% of their crop.
Bad weather also is also affecting wheat production in Russia. In July, prices of these products reached higher levels than in the food crisis of 2007-2009.
Source: Salvadoran Foundation for Economic and Social Development
More on this topic
A report by Funides for August 2012 indicatges the national and international economic situation, growth projections from 2012 to 2014, road and energy investment needs, and a possible tax reform.
From the Executive Summary of the Third Report on economic conditions in 2012:
FUSADES has released a Situation Report for the period April to June 2011.
The report presents a comprehensive quarterly analysis of the behavior of El Salvador’s major economic indicators of, relating to the following sectors and issues: prices, real estate, fiscal, financial, external, agriculture, environment, social and global perspectives.
FUSADES has submitted a Situation Report for the period July-September 2011.
A press release from the Salvadoran Foundation for Economic and Social Development (FUSADES in Spanish) states:
Historically, public policies have not really taken into account recurring negative impacts.
The Salvadoran Foundation for Economic and Social Development (FUSADES) has published a Situation Report for October-December 2011.
Fusades’ statement reads:
2011 was characterized by a weakening of global growth and for 2012 global growth expectations are even lower. In this environment, economic growth in El Salvador remains weak, with a negative outlook for the investment climate and low growth prospects.