Guatemala lowers growth estimates

The Bank of Guatemala revised their growth estimates for 2008 to 4.3% which is lower than the 4.8% predicted in April and the initial 5.3% in January.

Friday, September 12, 2008

The Bank acknowledged that the national economy is slowing down due to adverse international conditions, the high price of oil, food and raw material.
The change comes after the Bank carried out a survey of 1250 companies between April and August to estimate GDP growth based on the behavior of employment, sales, inventories and production.

More on this topic

Guatemala: From April to June, GDP Grew 4.3%

October 2013

For the second quarter of 2013, economic activity as measured by the estimated real level of GDP grew by almost twice that of the same period last year ..

A report on the estimate of quarterly GDP, for the second quarter of 2013 has been published by the Bank of Guatemala:

Guatemala Revises GDP Growth Downward

February 2009

The Banguat president argues that the pace of GDP growth, estimated in the range of 3.0% to 3.5% for this year, is not sustainable.

Siglo 21 published on its website: "The official explained in a meeting with columnists and economic analysts that the reduction in demand and risk aversion among investors have begun to erode economic development.

Nicaraguan GDP drops in 2008

November 2008

The growth of the Nicaraguan economy at the end of 2008 will be lower than that of 122 other developing countries.

Even the GDP of Sierra Leone which was the lowest on the Human Development Index will be 2.5% higher than the estimate figure for Nicaragua.

"This is not the best scenario we could have expected in 2008," said economist Alejandro Arauz yesterday, based on the mos recent projections from the IMF on global economic perspectives...

Costa Rican economic growth slows to 5.8 percent

July 2008

The rate of economic growth has slowed down in Costa Rica, according to central bank figures published Monday.

During the first quarter, the nation's gross domestic product grew by 5.8 percent compared with the same period of last year. The growth rate is the lowest in eight quarters.

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