Post Covid-19 - Building a Resilient and More Sustainable Recovery in El Salvador, Guatemala, and Honduras: Central America Competitiveness Report

Abstract

The Coronavirus (Covid-19) pandemic has had widespread negative effects in developing countries around the world, generating an unprecedented shock. Latin America and the Caribbean (LAC) was a particularly affected region, recording a significant contraction in regional GDP and international trade in 2020. This report focuses on the impact of Covid-19 and recovery in El Salvador, Guatemala and Honduras. These three Central American countries (CA3), albeit unique in their history and characteristics, share many similarities in their economic context and challenges for achieving sustained growth. The region includes one of the poorest countries in the Western Hemisphere, with low economic growth rates relative to other Latin American countries.