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%.
Author: Jan Lammersen, Economist