Business Survey in Guatemala
Six out of ten companies surveyed have reduced their production due to the economic crisis.
Friday, June 26, 2009
According to the XLI Business Survey conducted by the Association of Research and Social Studies (Asies), businesses' productive outputs are at their lowest levels in the last 10 years.
56% of the 893 companies that were surveyed said that they had reduced their production in October, compared to the same month last year.
According to the 49th business survey from the Association of Social Studies and Research, the pattern of production and employment shows that economic growth has not been strengthened.
Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.
Private-sector analysts have reduced their estimate of economic growth this year in Guatemala from 4.3 percent to 4 percent, according to a survey by the central bank, Banguat.
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