Business Survey in Guatemala

Six out of ten companies surveyed have reduced their production due to the economic crisis.

Friday, June 26, 2009

According to the XLI Business Survey conducted by the Association of Research and Social Studies (Asies), businesses' productive outputs are at their lowest levels in the last 10 years.

Lorena Álvarez writes on the website “The businesses surveyed report a reduction in their revenues, a situation that primarily affects factories and companies that provide services to households due to families reducing their expenses.”

More on this topic

Guatemala: Low Expectations for the Second Half of Year

July 2011

According to the 49th business survey from the Association of Social Studies and Research, the pattern of production and employment shows that economic growth has not been strengthened.

“Presentation of results of the 49th. Business Association Survey Research and Social Studies (ASIES) to April 2011.

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.

56% of Guatemalan companies reduce their production

December 2008

56% of the 893 companies that were surveyed said that they had reduced their production in October, compared to the same month last year.

This is according the results of the 39th Business Survey carried out by the Association for Investigation and Social Studies (Asies).

Analysts pare estimates of Guatemalan economic growth

May 2008

Private-sector analysts have reduced their estimate of economic growth this year in Guatemala from 4.3 percent to 4 percent, according to a survey by the central bank, Banguat.

The analysts are generally pessimistic on this year's outlook and estimate that inflation with end the year at 9.92 percent.

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