An inflationary rhythm of 3.72% is forecast for January, 3.71% for February and 3.84% for March 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.07% and 4.19%, in that order. In addition, for a horizon of 12 and 24 months (January 2021 and January 2022) the Panel forecasts an inflationary rhythm of 4.07% and 4.11%, respectively.

The document outlines that "... the Real Gross Domestic Product will register a 3.4% growth in 2020 and 3.6% in 2021. Compared to the December 2019 survey, the Panel's forecast for 2020 increased by 0.1 percentage points (3.3% in the previous survey).

In January 2020, the level of the Economic Activity Confidence Index was 66.50 points, higher by 12.20% than that registered in December 2019 (59.27 points) and higher by 39.24% than that registered in January 2019 (47.76 points)."

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Business Confidence Still Rising

March 2020

In February 2020, the Index of Confidence in Economic Activity in Guatemala reported a 64% growth compared to the same month last year, reinforcing the upward trend that has been registered since July 2019.

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.

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 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.