Guatemala Economic Activity February 2020

Guatemala

Guatemala: Growth in economic activity slows to over one-year low in February

April 17, 2020

Growth in economic activity eased from January’s upwardly revised 4.3% (previously reported: +3.6% year-on-year) to 2.6% in February, an over one-year low. Growth was, nonetheless, driven by the manufacturing; agricultural; financial; and real estate sectors. Weaker economic activity in February is a sign of things to come, as the Covid-19 pandemic will weigh heavily on activity in the months ahead.

Lastly, annual average growth in economic activity inched down to 3.8% in February from January’s 3.9%.

FocusEconomics Consensus Forecast panelists see a contraction of 0.6% in 2020, which is down 4 percentage points from last month’s forecast. For 2021, our panelists predict the economy to grow 2.8%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity February 20 20

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.


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