Guatemala: Economic activity quickens in April
June 6, 2019
Economic activity accelerated to 2.8% year-on-year in April from a revised 2.5% in March (previously reported: +2.7% year-on-year). The uptick in April came on the back of the manufacturing; wholesale and retail trade; private services; and financial services sectors. Annual average growth in economic activity was stable at 3.3% for the fourth month running in April.Banguat expects growth of between 3.0%–3.8% in 2019. Last month, FocusEconomics Consensus Forecast panelists saw growth of 3.1% in 2019, which was unchanged from last month’s forecast. For 2020, our panelists predicted growth to accelerate to 3.0%. New forecasts will be published on 14 May.
Author: Jan Lammersen, Economist