Guatemala Revises GDP Growth Downward

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.

Friday, February 27, 2009

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. In fact, she noted that there is a revision pending for GDP growth in 2008, whose preliminary figure is 4.0%. De Bonilla would not reveal how much the revision would be because the technicians of the Central Bank are still doing studies to define it based on multiple factors.

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