Guatemala: Economic activity moderates in June
August 14, 2019
Economic activity slowed to 3.1% in annual terms in June, down from May’s revised 3.5% growth (previously reported: +3.3% year-on-year). Sustained growth in June was driven by positive performances in the private services; manufacturing; and wholesale and retail trade sectors. Annual average growth in economic activity was stable at 3.4% in June.Banguat expects growth of between 3.0%–3.8% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.0%.
Author: Jan Lammersen, Economist