Key economic indicators show less economic deterioration than other countries of the region.
An article in Prensa Libre published comments by two Guatemalan economists, Mario Cuevas and Carlos González Arévalo. The former is president of the Center for Economic Investigations (CIEN), while the latter represents the Association for Social Studies and Investigations.
The figure is the highest on record since 1996 when it was at 10.85%, according to the National Statics Institute (INE).
According to prensalibre.com "According to the Consumer Price Index (CPI), which was presented yesterday by the INE, inflation for December 2008 was above the 5.5% target that was set by the Bank of Guatemala (Banguat).