Fiscal Balance in Guatemala
Guatemala - Fiscal BalanceThe economy likely gathered pace in the second quarter after growth slowed to a one-year low in the first quarter. The economic activity index average rate of growth for Q2 was modestly higher than that of Q1, supported by improvements in the private services; manufacturing; and wholesale and retail trade sectors. Moreover, remittance inflows rose robustly throughout Q2, boding well for household spending. Turning to the third quarter, available data paints a mixed picture. Economic activity moderated slightly in July, although private sector business confidence recovered in July and August. In politics, center-right candidate Alejandro Giammattei won the presidential election in a runoff on 11 August. Once in office in January 2020, the newcomer will face issues such as corruption, a more difficult relationship with the U.S., and migrant inflows. His policies will likely be a continuation of current President Morales’.
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||7.69||0.22 %||Sep 04|
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September 4, 2019
Economic activity slowed to 3.2% over the same month a year prior in July, down from the revised 3.3% grow logged in June (previously reported: +3.1% year-on-year).
September 3, 2019
Remittances from workers abroad rose 14.0% on an annual basis in August, decelerating from the 15.8% increase registered in July.
August 19, 2019
Consumer prices fell 0.06% over the prior month in July, contrasting the 0.83% increase in June.
August 14, 2019
Economic activity slowed to 3.1% in annual terms in June, down from May’s revised 3.5% growth (previously reported: +3.3% year-on-year).
July 31, 2019
Consumer prices rose 0.83% month-on-month in June, up from the 0.26% increase in May.