Fiscal Balance in Guatemala
Guatemala - Fiscal BalanceSecond quarter data suggests the economy firmed up, with growth in the economic activity index accelerating slightly in April and remittances growth picking up in May–June. That said, while remittances growth should have supported household expenditure in the quarter, likely stronger inflationary pressures will have likely limited the expansion somewhat. Moreover, the merchandise trade deficit rose in April. This follows a weak first quarter as underlined by growth in the economic activity index moderating throughout the period, and amid rising inflation and a marked drop in remittances growth in the period. In the political arena, Sandra Torres and Alejandro Giammattei came out on top in the first round of the 16 June presidential election. A run-off vote is scheduled for 11 August.
Guatemala - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.1||-1.9||-1.4||-1.1||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||7.68||0.22 %||Jul 11|
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July 5, 2019
Remittances from workers abroad rose 10.1% year-on-year in June, down from the 20.5% jump recorded in May.
July 1, 2019
Consumer prices rose 0.26% month-on-month in May, down from the 0.60% increase in April.
Guatemala: Run-off seems guaranteed for tainted presidential elections; economic consequences uncertain
June 11, 2019
President Jimmy Morales’ corruption-scandal ridden presidency will come to an end when Guatemalans head to the polls on 16 June to elect a new president and the 160 members of Congress.
June 7, 2019
Remittances from workers abroad jumped 20.5% year-on-year in May, up from the 12.5% increase recorded 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).