Guatemala businessmen pessimistic about the economy

Guatemala's businessmen say they expect lower production, stagnant employment figures, lower demand and little possibility of investment.

Wednesday, June 25, 2008

The 37th business survey of the Association of Research and Social Studies collected the opinon of executives from 862 companies.
In general they were pessimistic about the immediate future, as a result of the increase in prices.
The worst affected companies are the small and medium firms, which made up 45 percent of those surveyed.

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According to the 49th business survey from the Association of Social Studies and Research, the pattern of production and employment shows that economic growth has not been strengthened.

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Business Survey in Guatemala

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Six out of ten companies surveyed have reduced their production due to the economic crisis.

According to the XLI Business Survey conducted by the Association of Research and Social Studies (Asies), businesses' productive outputs are at their lowest levels in the last 10 years.

Guatemalan Economy to Grow by 1% According to Fitch

March 2009

The risk rating company, Fitch Ratings, predicts that Guatemala's economy will grow by 1% in 2009.

If the forecast by Fitch is accurate, economic growth would be the lowest since 1986. In a report, the rating firm indicates that "the effects will be felt in trade, finance, investment and remittances."

El Salvador as seen by the IMF

January 2009

Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.

While real GDP growth rose to 4.7 percent in 2007, a record high in the last decade, it is expected to decelerate to 3.2 percent in 2008. However, the monthly economic activity indicator has signaled a mild but steady slowdown thereafter, reaching an average growth rate of 3.2 percent in the year to August.

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