The SIECA Secretary General, Yolanda Mayora de Gavidia presented the report as follows:
Central American economic integration is subject to permanent changes to individual member countries, regionally and internationally.
In this regard, in the middle of 2008, the economies of developed countries started to register monetary and financial imbalances globally and affected the real sector by reducing economic activity and generating high volumes of unemployment.
This effect means that the Central American region is also vulnerable to these phenomena, causing a slowdown in the pace of trade growth, reduction of family remittances and lower growth rates in economic activity, among others.
Against this background, the Central American Economic Integration Secretariat, SIECA initiated the development of this monthly report to monitor the behavior of the variables included in it, which may be a useful consultation tool for the formulation of regional policies on integration, benefiting the economic and social development of the people of Central America.
Source: Secretariat for Central American Economic Integration
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