Guatemala Q3 2016 Report
Fast Decisions Raise Alarms in the Guatemalan Economy
Despite of what was expected at the beginning of the year, GDP growth for the second quarter of 2016 shows a recovery of 3.4%. Due to the growth in August and September, the next report should show a GDP growth of approximately 2.4% for the third quarter of the year.
Inflation remains high—4.56%—despite of the growing activity in open market operations; however, it still remains within the inflation target set by Banguat. Credit to consumer and capital goods has slowed its growth rate since the end of 2015, reaching rates close to zero.
