Electricity Consumption Rises in Guatemala
Demand for electric energy is growing since early July, with many considering it a recovery sign for the economy.
Wednesday, August 26, 2009
An article in Elperiodico.com.gt reports: "In the first half of the year, electricity demand was low, due to economic deceleration. However, starting July demand has increased, reaching 1.400 MW, a similar level to last year's high".
Central America may be directly impacted by the slowdown in the recovery of the world economy.
Slow recovery tied to a lagging U.S. economy, 3% growth in 2010 due to increased domestic consumption and rising remittances and international trade.
Tax collection was higher in October 2009 than the same month of last year, making it the first month in 2009 to be above 2008 levels.
Consumption is slowly recovering in Guatemala, translating into increased sales and profits for companies registered at the National Stock Exchange.
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