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Guatemala 3.2 percent growth marks goodbye to recession

Friday, August 27, 2010

Guatemala’s economy grew at an annual rate of 3.2 percent in the first quarter of this year, after a mild recession during the first two quarters of last year, said the central bank, Banguat.
The figure comes from a new tool for analysts: the National Quarterly Accounts, which claim to provide more updating and greater reliability in financial information.
The recovery of the economy was far from equal. Commerce registered a 7 percent increase in the first quarter. Financial services were up by 7.5 percent and industry 4.8 percent. But other sectors had a poor quarter, notably construction, which dropped by 22 percent.
Original source (in Spanish): El Periódico