Businessmen forecast an inflationary rhythm of 3.25% for February, 3.36% for March and 3.38% for April 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.16% and 4.20%, in that order.

The report states that "... it is estimated that the Real Gross Domestic Product will register a 3.3% growth in 2020 and 3.5% in 2021. Compared to the January 2020 survey, the Panel's forecast for both 2020 and 2021, decreased by 0.1 percentage points (3.4% and 3.6% in the previous survey), respectively.

In February 2020, the level of the Economic Activity Confidence Index was at 71.07 points, higher by 6.87% regarding the registered in January 2020 (66.50 points) and higher by 64.17% regarding the registered in February 2019 (43.29 points)."

See full document (in Spanish).

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In November of this year, the Index of Confidence in Economic Activity in Guatemala reported a 28% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

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