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Guatemalan economy may grow by 2 percent this year, IMF says

Friday, June 18, 2010

Guatemala’s economy may grow more than 2 percent this year as the government curtails stimulus spending to reduce debt, the International Monetary Fund said.

“Guatemala’s economic recovery is firming up,” the IMF said after its third review of the Central American nation’s adherence to an $927 million emergency credit program approved during last year’s crisis.

“Growth is expected to exceed 2 percent in 2010, which is significantly higher than envisaged in the previous review.”

Original source: Bloomberg