The Guatemalan economy is, surprisingly, the fastest growing Central American economy. This is due to two causes. On the one hand, the economy recovers from its particular internal crisis. On the other hand, the public sector is spending in its last year of government all that it did not spend in the previous years, and is promoting sectors such as construction (sector also driven by the housing bubble that is developing in Guatemala City).
The global macroeconomic environment is complicated, and it does not help that Guatemala’s trade partners have problems. The US increases its risk of suffering a recession in the near future. On the other hand, all Central American countries are in clear slowdowns (the exception being Guatemala and El Salvador).
Contents
- Economic activity
- Employment
- Monetary aggregates
- Prices
- Interest rates, credit, and banking
- Balance of trade
- Public deficit
- General outlook
Author
- Daniel Fernández
Daniel Fernández is the founder of UFM Market Trends and professor of economics at the Francisco Marroquín University. He is a PhD candidate in Applied Economics at the Rey Juan Carlos University in Madrid and was also a fellow at the Mises Institute. He holds a master in Austrian Economics the Rey Juan Carlos University and a master in Applied Economics from the University of Alcalá in Madrid.
- José Alvarez
José is a Computer Science major at Minerva Schools at Keck Graduate Institute (San Francisco, CA) with a concentration in Data Science. Previously, he has been awarded the first place at the Facebook 2019 Data Challenge (Menlo Park, CA), and taken part of UElCato from the Cato Institute and Francisco Marroquín University (Guatemala City). He is also seeking a minor in Government, Politics, and Society at Minerva.