Late Summer Newsletter 2021 |
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September-October 2021 |
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It's all about change |
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It is unprecedented what changes we have had to endure in the past few months. Just take the ongoing adjustment of our social behaviour to the ever expanding pandemic. To protect ourselves from each other, we were assigned to a vaccination center and we are still dealing with the yes-no discussions about whether or not to get vaccinated. In the meantime, many had to adjust to teleworking from home in combination with housekeeping and babysitting charges. As a result, many companies were looking at a lot of empty office space. In short, we have been, and still keep looking for key values to which to adhere in this world of daily changes.
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Even though change is part of life, we often find it difficult to deal with it. In general, we can accept this, unless it comes to big personal changes. Especially if we have not chosen for it ourselves. We then fall back on complaining, anger and bad habits to 'escape'. Think of smoking, snacking, or losing yourself in the world of social media. Making more time for rest and enlisting help are better responses, but sometimes those options just aren't there.
We can learn to deal with change, for example by embracing the situation, rather than complain about it. Indeed, there is a way to handle change well in every situation, no matter how big or small the change. By putting this philosophy into practice, it becomes easier to reduce stress, to open up in the midst of all the chaos, and to find joy and gratitude in the most hectic of times. By learning to appreciate change there is no longer this need to hang on to old habits but to adapt to a new way of life.
What is true for you also applies to Euracen. Over the past months we have constantly had to adapt to what was possible and to resign to what was impossible. However, we continued workin in the shadow of Covid in the hope to meet with you in person again, for example during our next Ambassadors Dinner. We still owe it to you to introduce you in person to the new Ambassadors of Belize, the Dominican Republic, El Salvador, Guatemala and Panama.
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PRESIDENT |
Erwin De Weerdt |
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Euracen part of special BECI offer |
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To discover the services of bilateral Chambers of Commerce for free, Olivier Willockx, CEO, and Sybille Motte, International Trade Advisor at BECI reach out to their members with an interesting offer in an effort to further support their international development.
Members of BECI who are keen to expand into new markets, and need support regarding local insights on technical issues (legal, tax, business environment), finding the right partner locally, understanding the business culture, etc… the support of a bilateral Chamber of Commerce might be very useful to them !
This way, members of BECI are offered a free temporary membership in bilateral Chambers for a period of 6 months, in collaboration with Belgian Chambers (BLCCA). As such, they are invited to select 2 Chambers of Commerce from a list before September 20, which also features Euracen, and
- enjoy their services for free until the end of March 2022.
- and enjoy their services without having to pay a membership until the end of March 2022
For more info, please contact Sybille Motte at BECI (T 02 563 68 54 & @ smo@beci.be)
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The existence of TOWT was brought to our attention by Mrs. Ines Wouters, lawyer and eminent member of Euracen, after she'd participated in a cacao trade mission to Belize with an Euracen delegation, back in 2018. Transoceanic Wind Transport (TOWT) is a young, Bretagne based company which is already sailing the oceans, but now wants to make an even more significant contribution to the reduction of the environmental impact of maritime transport. It therefore plans to build a fleet of large, modern cargo sailing vessels powered primarily by wind. The premise is simple: offshore wind is abundant, reliable and predictable, renewable and free, and sailing is the means to transform this propulsive energy as a driving force for large quantities of goods over long distances
For noble reasons, we decided to support this project and together with Mrs. Wouters we will see how we can put our shoulders under this daring private initiative. One of the first challenges we're facing will be to find people and companies willing to invest in an innovative way in a carbon free future.
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Guillaume Le Grand & Diana Mesa
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Guillaume Le Grand and Diana Mesa founded TransOceanic Wind Transport in 2009, with the aim of developing an oil-free maritime transport consistent with climate challenges. As graduate in Science-Po Lyon, Guillaume built his professional career on the study of the energy sector and the issues related to global warming. Diana, trained in design, fully adheres to the vision of a better valorisation of goods through a more virtuous and responsible transport. Together, they founded a company that has successfully transported more than a thousand tons of goods on existing sailboats, making TOWT the first French charterer of sail transport. Today, the company is moving to the next level with the development of modern, reliable cargo sailing vessels that can carry more than a thousand tons per trip.
(see also www.towt.eu)
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By 2030, rail should handle 20% of cargo transport
As a seaport, Zeebrugge offers excellent maritime access. However, the port also needs to be easily accessible on the land side. To relieve traffic congestion, Zeebrugge is planning a modal shift to rail. This sustainable solution will take trucks off the road, thus reducing CO2 emissions and congestion. That's why the port authority is working with various partners and players on the market to make rail transport even more attractive and competitive. Our ambition? By 2030, rail should handle 20% of cargo transport.
Read more
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Since 2017, Zeebrugge has been connected to the Green Xpress Network of Lineas, the largest private rail freight operator in Europe.
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Looking for trainees?
News from BLCCA
Following frequent requests for help, Mrs. Brigitte Verkinderen, Coordinator at the Belgian Federation (BLCCA) screened all High Schools and Universities in Flanders, Brussels and Wallonia regarding foreign internships for their students. These contacts have shown how great the demand is for internships. After all, an internship at a Chamber of Commerce home or abroad, or in a company offers graduating students the opportunity to test theory against practice and eventually to orient their ambitions in a certain direction.
Therefore, if you are looking for a multilingual intern or can make an internship available, we hereby invite you to contact Mrs. Verkinderen (M +32 478 029 235 & @ bverkinderen@belgianchambers.be)
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Central American Economic Review
GDP forecast to expand in 2021
The regional economy is set to return to growth this year as the impact of the Covid-19 pandemic fades amid the lifting of restrictions and accelerating vaccination drives. However, a recent rise in cases in some countries could throw a spanner in the works. Furthermore, weakened labor markets and income levels will weigh on household consumption.
Inflation to moderate slightly
Regional inflation eased to 4.1% in June from 4.3% in May, on the back of softer price increases in the Dominican Republic, Guatemala, Haiti, Jamaica and Panama. Inflation is forecast to moderate from its current levels on average by year-end. However, higher oil prices, depreciating currencies and firming economic activity pose upside risks to the outlook.
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Belize Economic Outlook
Turning to Q3, however, daily Covid-19 infection rates have risen since early June. This, coupled with a somewhat slow domestic vaccination drive, prompted authorities to extend the regional lockdown until 31 July, while a curfew will be in place until at least 15 August, likely keeping a lid on the recovery in Q3.
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In brief |
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Following the economy’s milder contraction in Q1, available data for the second quarter is mixed. Despite having decreased since September 2020, the unemployment rate was still elevated at 11.2% in April, likely dragging on spending. However, the external sector should have supported activity, with robust merchandise exports and imports throughout Q2 pointing to improving dynamics. Moreover, tourist arrivals continued to grow in April–May, boding well for the all-important tourism industry.
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Belize Economic Growth
GDP is seen bouncing back this year, supported by recovering domestic demand as restrictions are eased and activity gradually resumes. However, uncertainty over the pandemic and lingering restrictions, vulnerability to extreme weather and a fragile external debt position—Belize missed a coupon payment on a bond in May—all cloud the outlook. FocusEconomics panelists forecast GDP to grow 2.8% in 2021, which is down 0.4 percentage points from last month’s estimate. For 2022, the panel sees the economy expanding 6.8%.
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Costa Rica Economic Outlook
The country received 500,000 Pfizer doses from the U.S. on 14 July, helping to accelerate the domestic vaccination campaign: Nearly 85% of the population had received at least one jab by early August. Lastly, authorities eased restrictions for international visitors on 1 August and for businesses on 9 August, which should benefit the ailing tourism sector in Q3.
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In brief |
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Following a softer GDP contraction in Q1, leading indicators point to a continued recovery in Q2. Economic activity improved through April and May, growing at the fastest pace in 14 years in May—although this was partly due to a low base effect as May 2020 saw the sharpest pandemic-induced contraction in activity. Moreover, a lower unemployment rate likely bolstered spending in the quarter, while faster growth on average in both merchandise imports and exports suggests improving demand dynamics in the period.
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Costa Rica Economic Growth
This year, a broad-based rebound in activity should help the economy bounce back to growth. A tighter labor market should support household spending, while the external sector will likely benefit from easing restrictions. Nevertheless, risks to the outlook persist due to lingering uncertainty over the evolution of the pandemic. FocusEconomics panelists see GDP expanding 3.3% in 2021, which is unchanged from last month’s forecast, and 3.4% in 2022.
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More news from Costa Rica
In many aspects, Costa Rica is a success story in terms of development. It is considered an upper middle-income country, which has shown a steady economic growth over the past 25 years. This growth resulted from an outward- oriented strategy, based on the openness to foreign investment and gradual trade liberalization.
Costa Rica is also a global leader for its environmental policies and accomplishments, which have helped the country build its Green Trademark. The pioneering Payments for Environmental Services (PES) program has been successful in promoting forest and biodiversity conservation; making Costa Rica the only tropical country in the world to have reversed deforestation.
Forbes CentroAmérica ‘Costa Rica, the country with the best investment performance: fDi Intelligence.’ Costa Rica leads the list showing its resilience despite the Covid-19 pandemic.
Read more here (in Spanish): https://forbescentroamerica.com/2021/08/25/costa-rica-el-pais-con-mejor-desempeno-en-inversiones-fdi-intelligence /
Biz Latin Hub: 'New Incentives Ease Investment in Costa Rica.'
Read more here: https://www.bizlatinhub.com/investment-costa-rica
Moving to Costa Rica: New Law Targets Digital Nomads.'
Read more here: https://www.bizlatinhub.com/moving-to-costa-rica/
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Dominican Republic Economic Outlook
Economic growth gained steam in Q2, with activity surging at a record year-on-year pace, notwithstanding tighter Covid-19 restrictions imposed in May. Although Q2’s reading was driven in part by a low base effect, the economy surpassed its pre-pandemic level in the period.
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In brief |
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The recovery came amid the gradual lifting of restrictions since H2 2020 and the fast and targeted response of the authorities, with strong monetary and fiscal support. Looking at individual sectors, manufacturing and construction contributed strongly, likely driven in part by buoyant foreign investment. Moreover, tourism numbers began to return to their pre-pandemic levels and remittances shot up in the quarter, benefiting from a booming U.S. economy. Turning to Q3, Covid-19 cases have fallen markedly in recent weeks, while the nightly curfew has been eased, which bodes well for activity.
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Dominican Republic Economic Growth
The economy is set to soar in 2021, thanks to rapid U.S. growth, a speedy vaccination rate, and fiscal and monetary support. Moreover, the current president’s popularity could aid the implementation of growth-boosting reforms. However, possible fresh Covid-19 restrictions at home and abroad, political instability in Haiti and a shaky fiscal position pose downside risks. FocusEconomics panelists see the economy growing 7.4% in 2021, which is up 0.6 percentage points from last month’s forecast, and expanding 4.9% in 2022.
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Dominican Government seeks to communicate
Santo Domingo.- In an attempt to achieve a frank and open dialogue with the national population, President Luis Abinader moved files, eliminated departments and created the Government Strategy and Communication Directorate, a structure that will be in charge of coordinating and executing policies communication of the Executive Power.
To achieve this goal, the General Directorates of Communication (Dicom), Information, Analysis and Strategic Programming (Diape) and Information and Press of the Presidency were eliminated, giving rise to a Government Communication System that will be in charge of coordinating the communication policies of the different entities and organs of the Executive.
Subordinated to the Administrative Ministry of the Presidency, the new unit will have the function of planning, organizing, executing and evaluating government strategy and communication; explain the measures, actions, projects and programs, as well as facilitate the communication of accountability.
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El Salvador Economic Outlook
Conditions likely continued to improve in Q2, following GDP’s bounce-back in Q1. Although partly due to a low base effect, economic activity expanded solidly in April–May, while merchandise exports and imports surged in Q2 overall, signaling an improvement in momentum. Moreover, remittance growth was robust in the quarter, boding well for spending.
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In brief |
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That said, daily infection rates have increased since the end of June—and could continue to do so after the recent detection of the Delta variant in the country—prompting authorities to suspend large gatherings such as concerts, rallies and sporting events in mid-July, which could drag on the recovery in Q3. Meanwhile, on 30 July, Moody’s downgraded the country’s rating to ‘Caa1’ from ‘B3’ with a negative outlook, citing concerns over fiscal adjustment, increased uncertainty over financing prospects and a challenging debt servicing schedule starting in 2023.
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El Salvador Economic Growth
GDP growth is projected to return this year, bolstered by strong consumer spending and exports as the easing of restrictions boosts foreign demand. However, risks to the outlook remain amid weak fiscal metrics and challenging debt sustainability. Moreover, IMF warnings over the Bitcoin law’s potential threat to macro stability further cloud the outlook. Our panelists see GDP expanding 5.0% in 2021, which is up 0.2 percentage points from last month’s projection, and 2.6% in 2022
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In Global First, El Salvador Adopts BitCoin as Currency President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
Courtesy the New York Times
El Salvador, on Tuesday September 7, 2021, became the first country to adopt Bitcoin as legal tender, allowing the cryptocurrency to be used in any transaction, from buying a cup of coffee to paying taxes.
The bold move, largely celebrated by the international bitcoin community, has found a more skeptical reception at home and in the traditional financial world, amid concerns that it could bring instability and unnecessary risk to the Central American country’s fragile economy.
President Nayib Bukele, a tech-savvy millennial, has promoted the digital currency’s adoption, pitching it as a way of bringing more Salvadorans, about 70 percent of whom don’t have bank accounts, into the formal economy. Using the cryptocurrency would make it faster and cheaper to get remittances from abroad, he argues, and could free the indebted nation from the hold of the traditional global financial system.
Making Bitcoin legal tender — alongside the dollar, which the country has relied on since 2001 — is also part of Mr. Bukele’s charm offensive toward crypto entrepreneurs, who often seem like his primary audience.
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Guatemala Economic Outlook
Economic growth will have sped up in the second quarter, with the expansion in economic activity averaging markedly higher in the period amid strengthening external and domestic demand dynamics. Merchandise exports grew at a record pace in June, likely supported by a recovering manufacturing sector.
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In brief |
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Goods imports, meanwhile, skyrocketed in the quarter and hinted at reviving domestic demand. Moreover, remittances continued to grow at a stellar pace on average in the quarter, buoying household spending. Turning to Q3, nationwide protests erupted in early August with activists calling for President Giammattei’s resignation, following his decision to fire a well-known anti-corruption prosecutor who was investigating corruption cases with links to the president. This, coupled with some lingering Covid-19 restrictions, could weigh on activity in the quarter.
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Guatemala Economic Growth
The gradual lifting of lockdown measures at home and abroad will firm domestic and foreign demand this year, boosting economic growth. However, a potentially prolonged health crisis amid a low vaccination rate in the country poses a key downside risk, while political turmoil further clouds the outlook. FocusEconomics panelists estimate the economy to grow 3.9% in 2021, which is unchanged from last month, and to expand 3.5% in 2022.
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Honduras Economic Outlook
Economic growth will have accelerated in the second quarter, after the first quarter’s rebound. Economic activity expanded at a fresh record pace in May, buoyed by skyrocketing growth in the hotels and restaurants sector amid softer lockdown measures, although also partly due to a favorable base effect.
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In brief |
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The mining and quarrying, and manufacturing industries also posted strong expansions, benefiting from healthier foreign demand. Underlying momentum, however, likely remained frail in the second quarter. Private sector credit growth slowed notably in April and May, suggesting that firms remained cautious regarding the future. In addition, price pressures were elevated in May and June, which will have dented household spending. Turning to Q3, officials recently extended the nationwide curfew and travel restrictions until at least 15 August, likely weighing on activity.
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Honduras Economic Growth
The economy will rebound from last year’s pandemic-induced contraction this year, with the gradual easing of restrictions at home and abroad—facilitated by vaccination campaigns—boosting domestic and foreign demand. That said, growth will be flattered by a favourable base effect and uncertainty over the course of the pandemic amid new virus strains clouds the outlook. FocusEconomics Consensus Forecast specialists see the economy expanding 5.6% in 2021, which is unchanged from last month, and growing 3.9% in 2022.
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More news from Honduras
Forecasts for Central America highlight that Honduras and El Salvador will be the countries in the Region that will grow the most in 2021. According to CEPAL statistics, this year Honduras is expected to achieve 5% growth, surpassing the 9% drop in 2020.
For next year, according to ECLAC projections, Latin America and the Caribbean will grow 2.9% on average, which implies a slowdown compared to the 2021 rebound. However, Honduras will grow above the expected average and appears with an increase economic of 3.6%.
President Juan Orlando Hernández, upon learning of the figures projected by CEPAL, stated, "We have come a long way hand in hand with the private sector. The foundations are in place and although the challenges of this COVID-19 pandemic are gigantic and to add to that the ravages left by the passage of tropical storms Eta and Iota at the end of last year, I am sure that our determination to come out strengthened from this ordeal."
The Government of Honduras has been creative and visionary in structuring a public policy to promote job creation as the main mechanism for the country's economic reactivation.
This policy ranges from the creation of service centers for micro, small and medium-sized enterprises, which generate around 70% of employment in the country, to the creation of laws to promote tourism.
In addition, the government promotes a variety of housing construction and financing programs in different regions of the country.
Forbes CentroAmérica : ‘Innovation and creativity raises tourism from the central region to get ahead. Read more here (in Spanish): https://forbescentroamerica.com/2021/08/30/innovacion-y-creatividad-plantea-turismo-de-region-centro-para-salir-adelante/
BCIE/CABEI: 'Initiative advances for the constructions of 6 earth dams in Honduras.' Read more here: https://www.bcie.org/en/news-and-media/news/article/avanza-iniciativa-para-la-construccion-de-6-represas-de-tierra-en-honduras
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Nicaragua Economic Outlook
Economic growth likely accelerated in the second quarter, following Q1’s rebound in GDP. Activity expanded at the quickest rate in over 13 years in April–May, bolstered by growth in the manufacturing, mining and quarrying, and hotels and restaurants sectors. Although the pickup was supported by a low base effect, it signals an improvement in underlying momentum nonetheless.
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In brief |
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Moreover, merchandise exports and imports grew robustly in the same two months, while remittance inflows remained robust in the same period, likely continuing to boost spending. That said, daily Covid-19 infection rates have increased globally in recent months, which, coupled with the slow vaccine rollout in the region, could drag on the tourism sector and the recovery more broadly ahead. In politics, tensions have continued to build ahead of November’s general elections, amid a wave of arrests that started in late May.
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Nicaragua Economic Growth
GDP is seen bouncing back to growth this year, supported by a tighter labor market and ample stimulus in the U.S., which should bolster remittances and help household spending recover. Risks to the outlook remain, however, due to the slow domestic vaccine rollout and heightened political tensions. FocusEconomics panelists see GDP expanding 2.6% in 2021, which is unchanged from last month’s forecast, and 2.1% in 2022.
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More news from Nicaragua
Like most other countries, Nicaragua’s economy slowed in 2020 owing to the international effects of the COVID-19 pandemic. Nicaragua was also affected by a rough hurricane season, sustaining damage particularly from Hurricanes Eta and Iota. Compounding these challenges, the country’s political environment remains an obstacle to encouraging foreign direct investment and improving the country’s socioeconomic situation.
Despite the aforementioned international economic support, it is not likely that Nicaragua’s economy will experience a significant rebound this year, though it is likely to return to a positive growth rate. Tourism, remittances and other valuable income avenues for Nicaragua are likely to see an uptick as we move further into 2021 due to increasing COVID-19 vaccinations and decreasing restrictions on businesses and international travel. Nevertheless, it remains probable that for much of the year income from these avenues will remain low compared to pre-pandemic levels, slowing the pace of the country’s recovery.
Another important issue which has the potential to affect Nicaragua’s economic circumstances is its political environment. The reason that Nicaragua’s political environment is particularly important to keep in mind for the country’s economic outlook this year is that 2021 is an election year. Uncertainty over what the outcome of the election might be and of the Nicaraguan public’s response to it will likely put a damper on investment. In a worst case scenario where political violence erupts, probably in the event that Ortega wins and the election is not viewed by the public as fair, Nicaragua would likely experience a further erosion of investor confidence and quite possibly economic losses as a result of property damage and trade disruption. Naturally, such a scenario would further delay Nicaragua’s economic recovery and, importantly, may have wider regional effects as a result of refugee outflows.
Stogie Press: Cigar News: Joya de Nicaragua celebrates 200 Years of Nicaraguan Independence with the Limited-edition Dos Cientos Cigar ‘Joya de Nicaragua Launches TAA Retailer Exclusive Cuatro Cinco Edición Americana.' Read more here: https://stogiepress.com/cigar-news-joya-de-nicaragua-launches-taa-retailer-exclusive-cuatro-cinco-edicion-americana/
Nicaragua Exporta: 'APEN promotes the transformation of the Central American export matrix together with the homologous chambers of Fecaexca.' Read more here (in Spanish):https://revistanicaraguaexporta.com/apen-empuja-la-transformacion-de-la-matriz-exportadora-de-centroamerica-junto-a-las-camaras-homologas-de-fecaexca/
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Panama Economic Outlook
Although it remained pronounced, the economic contraction softened in the first quarter of the year. This came on the back of a milder decline in industrial output, with the new copper mine sending mining production soaring. That said, services sector activity dropped at a quicker pace in the period.
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In brief |
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Turning to the second quarter, the economy likely rebounded as activity expanded at a record pace in May, following April’s double-digit pace of growth. In May, activity was supported by the trade sector—particularly retail trade, as the easing of restrictions in mid-April gave consumers more opportunity to spend. Meanwhile, merchandise exports skyrocketed on average in the quarter as a whole, accelerating notably from Q1 and further hinting at strengthening economic activity. Moving to Q3, however, the tightening of restrictions in July could set back the recovery.
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Panama Economic Growth
The economy should regain momentum this year following last year’s pandemic-induced downturn. The resumption of global trade amid easing restrictions, as well as firming domestic demand amid softer lockdown measures at home, will support activity. However, uncertainty over the course of the pandemic clouds the outlook. FocusEconomics Consensus Forecast panelists foresee the economy expanding 10.7% in 2021, which is unchanged from last month’s forecast. For 2022, the economy is seen growing 6.2%.
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More news from Panama
After a Gross Domestic Product (GDP) contraction of 17.9 percent in 2020, Panama is projected to have a strong rebound in 2021 helped by increased mining output, and new public investments such as the extension of metro Line 2 and construction of Line 3. The rebound, coupled with support to vulnerable segments of the population through mitigation policies, is expected to reduce poverty in the post-pandemic period.
Panama experienced the highest number of COVID-19 cases per 100,000 inhabitants in Latin America with significant consequences on its GDP for 2020, as the economy relies on sectors severely affected by the pandemic such as air transportation, tourism, and construction. Poverty increased by two percentage points, while public debt shot up by almost 20 percentage points of GDP. Panama is facing the challenge of reigniting growth and poverty reduction while balancing its fiscal accounts.
The concentration of jobs in the most affected sectors of the economy makes households particularly susceptible to the crisis. Despite recent growth, workers in the high-growth sectors remained vulnerable, with over one-fifth of them living under $13 a day in 2018 (in terms of Purchasing Power Parity - PPP). In addition, inequality remained among the highest in the world (as indicated by a Gini coefficient of 49.8 in 2019).
Unemployment reached 18.5 percent in 2020, and nearly 130,000 people are expected to fall under the poverty line of $5.5 (PPP) a day, which implies an increase in the poverty headcount from 12.1 percent in 2019 to 14.9 percent in 2020. Government policies, which include transfers to households (Panama Solidario) for an amount equivalent to 1.3 percent of GDP, played a critical role in mitigating the adverse effects of the crisis. It is estimated that without it, poverty would have increased to 20.8 percent.
Forbes CentroAmérica: 'Panama receives a modern convention center that opens options to the economy.’ The Panama Convention Center (PCC), better known as the Amador Convention Center, is located in what is known as Calzada de Amador. Read more here (in Spanish): https://forbescentroamerica.com/2021/08/23/panama-recibe-moderno-centro-de-convenciones-que-abre-opciones-a-la-economia/
Central American Data: ‘Port terminal for $ 398 million.’ In Panama, the construction of an automated and equipped port container terminal is planned, consisting mainly of a container platform, a floating dock, two vehicular bridges and administrative offices. Read more here (in Spanish): https://www.centralamericadata.com/es/article/home/Terminal_portuaria_por_39790000
TVN: 'Panama's Ministry of Environment shared info on the vulnerable state of the country’s agriculture. Unsustainable agricultural practices & climate change affect food production & increase the risk of spreading diseases.' Read more here (in Spanish): https://www.tvn-2.com/nacionales/acrecienta-impacto-negativo-climatico-agropecuario_0_5911658791.html
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2021-2022 Special membership fee at Covid-conditions |
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We eagerly await the moment when we will be able to meet again and invite you to a general meeting, a conference or the welcoming of some new ambassadors and ambassadresses. But since we do not know with certainty when we will regain this freedom, we would like to make you a special proposal and offer you membership in Euracen until the end of 2022 at Covid conditions, being:
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May we kindly invite you to transfer the corresponding amount due into the Euracen account at Belfius
IBAN BE90 0682 1202 3132 & BIC GKCCBEBB
with the mention “membership 2021”, followed by your name and contact data. An invoice will be provided upon simple request to Mrs Jennifer Moriconi (contact@euracen.eu & +32 487 64 0796).
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