The Bank of Guatemala Report summarizes that "... An inflationary rhythm of 3.34% is forecast for January, 3.47% for February and 3.56% for March 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 3.95% and 4.19%, in that order. In addition, for a horizon of 12 and 24 months (January 2020 and January 2021) the Panel forecasts an inflationary rhythm of 4.03% and of 4.07%, respectively.

The Panel of businessmen consulted expects the Real Gross Domestic Product to grow 3.0% in 2019 and 3.2% in 2020. Compared to the December survey, the Panel's forecast for 2019 decreased by 0.1 percentage points (3.1% in the previous survey).

In January 2019, the level of the Confidence Index of Economic Activity was at 47.76 points, lower by 2.15% regarding the registered in December 2018 (48.81 points) and lower by 2.97% regarding the registered in January 2018 (49.22 points)."

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More on this topic

Business Confidence Still Rising

March 2020

In February 2020, the Index of Confidence in Economic Activity in Guatemala reported a 64% growth compared to the same month last year, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.25% for February, 3.36% for March and 3.38% for April 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.16% and 4.20%, in that order.

Business Confidence: Good Numbers Continue

December 2019

In November of this year, the Index of Confidence in Economic Activity in Guatemala reported a 28% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.34% and 3.54% for November and December 2019, respectively, as well as 3.69% for January 2020.

Business Confidence Remains Down in 2019

March 2019

After January 2019 the Confidence in Economic Activity Index in Guatemala reported a 3% y-o-y decrease, in February the variation was of -8% regarding the same month of 2018.

The report of the Bank of Guatemala summarizes that during February "... An inflationary rhythm of 3.96% was forecast for February, 4.09% for March and 4.19% for April 2019.

Business Confidence Closed the Year Upwards

January 2019

In December 2018, the Confidence in Economic Activity Index in Guatemala reported a 14% increase regarding November, and in relation to the same month in 2017 it increased 8%.

The Banco de Guatemala informed that in the last Economic Expectations Survey an inflationary rhythm of 4.01% is forecast for December 2018.