Current Account Shortfall To Widen

BMI View: While Guatemala's external accounts are looking much more stable than a few years ago, we expect the current account deficit to increase over the medium term. We are forecasting the shortfall to come in at 2.2% of GDP in 2011 and 2.3% in 2012, from 1.1% in 2010, but persistent capital and financial account surpluses are likely to plug the gap.

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