Guatemala Economic Activity November 2022

Financial exercise development accelerated barely to three.8% yoy in November, in contrast with 3.7% in October. The advance was pushed by sturdy development within the building, car dealership and restore, actual property, manufacturing and monetary providers sectors.

The development was in the meantime pointing downwards: Common annual development weakened for the ninth month in a row to 4.1% (October: 4.2%).

GDP is projected to develop by 2.9% in 2023, down 0.1 proportion level from final month’s projection. For 2024, our panellists count on financial development of three.4%.