Guatemala: 7 Months of Crisis

Key economic indicators show less economic deterioration than other countries of the region.

Monday, September 7, 2009

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.

Cuevas argued that "Guatemala has been affected in a benign way when compared with the rest of the world, even though it is a difficult time for companies and individuals".

Speaking about the $360 million being issued by the Government, González Arévalo remarked the importance of investing them in job generating projects.



Market Intelligence

Everything about exports and imports in Guatemala.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Costa Rica and the Effects of an International Crisis

September 2011

A report by Aldesa analyzes the effects for Costa Rica of a potential international crisis.

According to Aldesa:

During this week the market has been permeated by an air of positivity due to expectations that European authorities will solve the problem of the debt crisis. However, if more events occur, there would still be risks for the global economy that could trigger a slowdown in the U.S. and Europe.

Main rate debated in Guatemala

November 2008

Businessmen estimate that a reduction in the rate which is now at 7.25% would help to reactivate credit.

There are division and the debate is hot. The petition from the industrial sector to lower the main interest rate in order to reactivate the economy has its supporters and dissidents.

According to analysts Guatemala's economy is still safe

September 2008

Guatemalan analysts agree that the country will not receive a direct impact from the international financial crisis.

Carlos Gonzalez, an economist from the Association of Investigations and Social Studies, affirmed that he does not foresee any direct impact, however he said that this could happen if the US economy continues to slip and therefore affect Guatemalan exports, remittances and employment.

Direct impact of US crisis in Guatemala ruled out

September 2008

Banking monetary and authorities in the country have ruled out a direct impact on Guatemala's economy.

Banking executives agree that the economic situation in the country is uncertain; nonetheless, they need to keep a close eye on what is happening in the American financial market.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Asesores de Gestión Económica

Organization that operates in Panama.
Phone: (507) 2602426 - (507) 2609426

Company Profile

Stock Indexes

(Dec 15)
Dow Jones
0.58%
S&P 500
0.90%
Nasdaq
1.17%

Commodities

(Dec 18)
Brent Crude Oil
62.780
Coffee "C"
120.75
Gold
1,256
Silver
16.02