Economy in Guatemala

  • 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.

  • 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”.
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