Analysts pare estimates of Guatemalan economic growth

Private-sector analysts have reduced their estimate of economic growth this year in Guatemala from 4.3 percent to 4 percent, according to a survey by the central bank, Banguat.

Friday, May 30, 2008

The analysts are generally pessimistic on this year's outlook and estimate that inflation with end the year at 9.92 percent.

More on this topic

World Economic Outlook Update

January 2010

The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions.

A Policy-Driven, Multispeed Recovery

Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009.

World Economic Outlook Update

January 2009

Global Economic Slump Challenges Policies. World growth is projected to fall to ½ percent in 2009, its lowest rate since World War II.

Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. A sustained economic recovery will not be possible until the financial sector's functionality is restored and credit markets are unclogged.

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.

Guatemala: Modest growth anticipated for 2008

August 2008

The Association for Investigation and Social Studies (ASIES) carried out a moderate study of the local economy.

ASIES analyst, Carlos Gonzalez, pointed out that the unfavorable external climate resulting from the financial crisis, and the high price of oil and food - that started in 2006 and worsened in 2007, began to affect production activities during first semester of this year.

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