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).

Do you need information about the economic activity in your market? Contact Us.

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 50 employees Between 50 and 250 More than 250

You want to be called by an advisor?*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Business Confidence: Good Numbers Continue

December 2019

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.

Businessmen forecast an inflationary rhythm of 3.34% and 3.54% for November and December 2019, respectively, as well as 3.69% for January 2020.

Business Confidence Keeps Rising

September 2019

After registering a 7% year-on-year increase in July, in August the Confidence in Economic Activity Index in Guatemala showed a 6% variation.

According to the last report of the Banco de Guatemala, an inflationary rhythm of 4.51% is forecast for September and of 4.50% for October 2019. As to December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.64% and 4.50%, in that order.

Business Confidence Remains Down in 2019

March 2019

After January 2019 the Confidence in Economic Activity Index in Guatemala reported a 3% y-o-y decrease, in February the variation was of -8% regarding the same month of 2018.

The report of the Bank of Guatemala summarizes that during February "... An inflationary rhythm of 3.96% was forecast for February, 4.09% for March and 4.19% for April 2019.

Low Business Confidence at the Beginning of the Year

February 2019

After December 2018, the Confidence in Economic Activity Index in Guatemala reported an 8% year-on-year increase, in January the variation was -3% regarding the same month in 2017.

The Bank of Guatemala Report summarizes that "... An inflationary rhythm of 3.34% is forecast for January, 3.47% for February and 3.56% for March 2019.