Guatemalan Economy to Grow by 1% According to Fitch

The risk rating company, Fitch Ratings, predicts that Guatemala's economy will grow by 1% in 2009.

Friday, March 20, 2009

If the forecast by Fitch is accurate, economic growth would be the lowest since 1986. In a report, the rating firm indicates that "the effects will be felt in trade, finance, investment and remittances."

Wilson Romero of Rafael Landivar University told La Prensa Libre that "it would be something dramatic if the 1% forecast is accurate. We must remember that the economy grew by 6.3% two years ago.”

More on this topic

Central American Economy in First 6 Months of 2010

July 2010

Monthly Index of Economic Activity (IMAE), exports, remittances, international reserves, exchange rates, inflation, tax collection, banking system, foreign investment, tourism and outlooks.

Oscar E. Mendizábal, editor of the Blog “Desde Guate” (From Guatemala), gathers and analyses the main factors influencing the Central American economy (except Panama) during the first six months of this year.

Fourth Report on State of the Region

October 2011

Main conclusions regarding the Central American economy between 2008 and 2011.

The State of the Region Report is a tool by Central America for Central America, which analyzes and tracks the major challenges of sustainable human development. In this fourth report, the titles of the main conclusions on the topic Economy are presented:

El Salvador as seen by the IMF

January 2009

Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.

While real GDP growth rose to 4.7 percent in 2007, a record high in the last decade, it is expected to decelerate to 3.2 percent in 2008. However, the monthly economic activity indicator has signaled a mild but steady slowdown thereafter, reaching an average growth rate of 3.2 percent in the year to August.

El Salvador Today According to FUSADES

May 2011

The Economic Situation Report at the end of the first quarter of 2011 states: Economic growth is still slow and fragile.

The global economic recovery continues, although there are still some weaknesses in the international financial condition. A 4.4% expansion is projected for 2011.

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