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)

Do you need more information about your business sector?

Request more information:

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Guatemala: Leading Rate Remains at 2.75%

November 2019

Arguing that the economic activity and the execution of public expenditure report a behavior attached to the growth forecasts for 2019, the Central Bank decided to maintain again at 2.75% the level of the leading interest rate of the monetary policy.

From the Banco de Guatemala statement:

Fixed at 4.5% Monetary Policy Rate

November 2019

After the Central Bank of the Dominican Republic decided at the end of August to lower the monetary policy rate to 4.5%, on October 31 it decided to keep it unchanged, arguing that inflation continues in the projected ranges.

From the Central Bank of the Dominican Republic:

Guatemala: Leading Rate Remains at 2.75%

September 2019

Arguing that the economic activity reports a behavior attached to the forecasts of growth for 2019, the Central Bank decided to maintain in 2.75% the level of the leading interest rate of monetary policy.

The inflation forecasts for 2019 and 2020 are located within the tolerance margin of the goal established by the Monetary Board, was another of the arguments of the monetary authority to keep the reference rate without variations.

Leading Rate Begins 2019 with No Changes

February 2019

Banco de Guatemala decided to keep the monetary policy rate at 2.75%, arguing that several short-term indicators of the economic activity show a dynamism congruent with the projected range of economic growth.

Other reasons to keep the leading rate without variants is that the prognosis and inflation expectations, for 2019 as well as for 2020, are located within the tolerance limit of the goal (4% +/- 1%), according to the Banco de Guatemala.