Guatemala Economic Activity


Economic activity increases at slowest pace in more than three years

In February, economic activity expanded 2.5% over the same month last year according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The increase was slightly below the 2.6% rise observed in January (previously reported: +2.9% year-on-year) and marked the lowest increase in over three years.

As a result, the trend deteriorated, with average annual growth in economic activity inching down from 3.6% in January to 3.5% in February.

The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. Consensus Forecast participants see GDP growing 3.4% in 2014, which is unchanged from last month's forecast. For 2015, panelists also expect the economy to expand 3.4%.

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Guatemala Economic Activity Chart

Guatemala Economic Activity February 2014

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.

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