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Guatemala News

  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • Higher earning Why a university degree is worth more in some countries than others

    AFGHANISTAN, 2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
  • China looks to deepen ties with Latin America

    ARGENTINA, 2016/12/03 China's president, Xi Jinping, has embarked on a week-long visit to Latin America that will include national visits to Ecuador, Peru and Chile. Mr Xi's trip comes instantly on the heels of a US presidential election that has called the next of US-Latin America relations into question, and highlights China's emergence as a key trade and investment partner for the region.
  • Guatemala Inflation jumps at the end of 2015

    GUATEMALA, 2016/01/17 In December, consumer prices rose 0.43% over the previous month, which came in slightly below the 0.47% rise tallied in November. The result marked a three-month low. Inflation jumped from 2.5% in November to 3.1% in December, the highest reading in over a year. As a result, inflation closed 2015 just within the Central Bank’s tolerance margin of plus/minus 1.0 % points around its target of 4.0%.
  • Guatemala Economic activity grows at steady pace in November,

    GUATEMALA, 2016/01/16 In November, economic activity increased 4.1% over the same month of the previous year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The result matched the readings tallied in the three previous months. Annual average increase in November came in at 4.4%, which as well matched October’s expansion. Annual average increase has been relatively steady in 2015, remaining within plus or minus 0.2 % points of 4.6%.
  • Guatemala Economy sees slight pickup in Q3

    GUATEMALA, 2016/01/16 In Q3 2015, the economy expanded 3.9% over the same period of the previous year. The expansion marked an acceleration compared to the 3.4% increase tallied in Q2. The pickup was mainly driven by stronger fixed investment and private consumption, which additional than compensated for a decrease in public spending and a poorer performance of the external sector.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Guatemala president will not quit and rejects corruption allegations

    GUATEMALA, 2015/08/25 Prosecutors and officials from a UN investigative commission said on Friday they had uncovered extensive evidence implicating Perez and ex-vice president Roxana Baldetti in a massive, highly organized scheme to reduce importers' customs duties in exchange for bribes. With two weeks to go to general elections, Perez on Sunday made a statement to the country in which he pledged to abide by legal processes -- but said he would not quit. ”I declare categorically that I reject my link to it (the bribery scheme) and having received any money from the operation of customs fraud,” said Perez.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.