Guatemala Economic Activity November 2022

Financial exercise development accelerated marginally to three.8% 12 months on 12 months in November, from October’s 3.7%. The development got here on the again of sturdy development within the development, autos commerce and restore, actual property, manufacturing and monetary providers sectors.

In the meantime, the pattern pointed down: Annual common development moderated for the ninth consecutive month to 4.1% (October: 4.2%).

GDP is seen increasing 2.9% in 2023, which is down 0.1 share factors from final month’s projection. For 2024, our panelists anticipate the economic system to develop 3.4%.