Monday, September 23, 2019

Logo Central America Link

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