Guatemala: Economic activity quickens in March
May 8, 2019
Economic activity growth accelerated to 2.7% in March from 1.9% in February. March’s pick-up was driven by strong growth in the transportation, storage and communications; manufacturing; private services; and wholesale and retail trade sectors.
Annual average growth in economic activity was stable at 3.3% for the third consecutive month in March.
Guatemala Economic Growth Forecast
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
