Guatemala: Economic activity picks up in March
May 9, 2014
In March, economic activity expanded 2.6% 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 up from the 2.5% rise observed in February and marked the highest increase in four months.
Nevertheless, the trend deteriorated, with average annual growth in economic activity inching down from 3.5% in February to 3.3% in March, which marked the lowest level since March 2013.
The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. FocusEconomics 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%.
Author: Dirina Mançellari, Senior Economist