Guatemala: Economic Outlook for March 2017

The Bank of Guatemala has kept the lead monetary policy rate at 3%, arguing that high levels of uncertainty still persist in the external economic environment.

Thursday, March 23, 2017

From the report "Recent macroeconomic performance and prospects," by the Bank of Guatemala :

Global economic growth projections for 2017 and 2018 show that the recovery in economic activity will probably continue, albeit in an environment where high levels of uncertainty and downside risks prevail. Forecasts for international oil prices remain on the upside.

See also: "Appreciation of Quetzal Continues in Guatemala"

On the other hand, in the domestic environment, several short-term indicators (the Monthly Index of Economic Activity, remittances, public spending and foreign trade, mainly), are consistent with the annual economic growth forecast for 2017 (between 3.0% and 3.8%).  Forecasts and inflation expectations for both 2017 and 2018 are within the target. 

See full report by the Banguat. (In Spanish)

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