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."
Monthly Index of Economic Activity (IMAE), exports, remittances, international reserves, exchange rates, inflation, tax collection, banking system, foreign investment, tourism and outlooks.
Main conclusions regarding the Central American economy between 2008 and 2011.
Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.
The Economic Situation Report at the end of the first quarter of 2011 states: Economic growth is still slow and fragile.
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