Guatemalan economy will experience less growth

The IMF expects a reduction in the growth of the local economy. It is no longer expected to be 4.3% but 4% due to the global financial crisis.

Monday, October 13, 2008

The negative effects of the crisis may start to be felt in the next few months, since this year the economy will not grow to 4.3% of the GDP as would previously expected, said Minister of Finance, Juan Alberto Fuentes Knight.

More on this topic

Panamanian Economy Grows by 10.4%

September 2012

In the second quarter of 2012, Panama's economy grew at a rate of 10.4%.

This increase is in addition to the first quarter, when the rate was 10.6%.

If the trend continues, year-end growth could exceed the expectations of 10% set by the Government.

An article in highlights developments in "commerce in the Colon Free Zone, hotels, air transport, port activities and the Panama Canal", as well "mining and quarrying, manufacturing , construction, energy, trade, banking, telecommunications and real estate. "

Guatemalan Economy Maintains Growth

July 2012

In the first quarter of 2012 GDP rose by 3.4%, driven mainly by household consumption, which grew by 5.1%.

The figure is slightly lower than the 3.6% quarterly change recorded in the same period of 2012. According to the Bank of Guatemala, this change is explained by less government spending coupled with a cooling of exports.

Guatemala: Economy Continues to Grow

October 2011

In the second quarter GDP rose by 3.7%, exceeding growth recorded in the previous quarter.

The strong economic dynamism experienced by Guatemala seems to be shared by all economic activities from agriculture to services.

While all sectors showed positive changes in the quarter under review, some performed better, such as the transport, communications and storage sector, which showed an increase of 4%.

Guatemalan Economy Still Growing

July 2011

In the first three months of the year the Gross Domestic Product (GDP) grew more than 3%.

Activity in the mining industry and an increase in lending by banks account for most of the 3.1% growth in Guatemala’s gross domestic product.

On the other hand, the construction and power supply sectors showed contractions, according to data presented by the Central Bank of Guatemala (Banguat).

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