Guatemala 3.2 percent growth marks goodbye to recession

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