Guatemala: GDP to Grow between 3% and 3.8%

The Bank of Guatemala projects a slight downward trend in interest rates in the banking system in 2017 and growth of between 7% and 10% in credit to the private sector.

Friday, January 27, 2017

From the report "Performance in 2016 and Prospects for 2017" by the Bank of Guatemala:

Growth in economic activity, as measured by gross domestic product in real terms, is estimated to have grown 3.1% in 2016; while in 2017 it will grow in a range of between 3.0% and 3.8%, close to the average growth in 2011-2016 with positive growth in almost all economic activities, both in 2016 and in 2017.

For 2017, it is expected that trade performance will be consistent with the expected increase in global trade and economic recovery of major trading partners.

The nominal exchange rate recorded up to January 17, 2017, was Q7.54821 to US $1.00, which represents an annual nominal appreciation of 1.1%.

Read full report (in spanish).

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