The Bank of Guatemala reported that in the current economic crisis that emerged due to the spread of covid-19, the activities that have most boosted the drop in production are trade, tourism and transportation.

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The Central Bank report explains that "... The economic activity measured by the IMAE estimate in July 2020, registered a -4.8% variation rate (4% in July 2019).

This result was mainly influenced by the result of the following economic activities: Accommodation and food service activities; Trade and repair of vehicles; Transport and storage; Construction; Administrative and support service activities; and Other service activities such as personal services (laundry, hairdressing, beauty salons, among others); sports, recreation and leisure activities; and also artistic and entertainment activities.

The cycle-trend registered -5.2% year-on-year variation, in contrast to that registered in the same month of the previous year (3.9%)."

See full report (in Spanish).

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In the current economic crisis resulting from the spread of covid-19, the activities that have most boosted the drop in production are trade, tourism and transport, reported the Bank of Guatemala.