In Contrast to the region, Central America is growing

Exclusive interview with Humberto López, director of the World Bank for Central America By Élida Bustos While Latin America tightens its belt and laments the end of the bonanza era, Central America is moving ahead strongly, with enviable growth projections. This year, the World Bank is forecasting a 1.3 percent contraction for Latin America and 2.3 percent growth for North America. But Central America is poised for an expansion of 3.8 percent which, broken down by country is 4.4 percent for Nicaragua, 3.5 percent for Honduras and Guatemala, 3.3 percent for Costa Rica and 6 percent for Panama. Only El Salvador is showing weak growth – 2.2 percent, which isn’t news, given the country’s intrinsic factors. Where does this expansion […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]