Guatemala Economic Activity March 2020


Guatemala: Economic activity contracts at steep pace in March

May 21, 2020

Economic activity contracted 4.9% year-on-year in March, swinging from the 2.8% expansion logged in February and coming on the back of containment measures including the suspension of all non-essential activities; border closures; a travel ban; and curfews.

Consequently, annual average growth in the economic activity index eased to 3.1% in March from 3.8% in February.

FocusEconomics Consensus Forecast panelists see a contraction of 2.0% in 2020, which is unchanged from last month’s forecast. For 2021, our panelists predict the economy will grow 3.9%.


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