Macroeconomic Forecast Guatemala

BMI View: Despite a relatively large population and a low base, Guatemala's economic growth is expected to remain rather subdued over the foreseeable future. A challenging business environment, due to lagging infrastructure and relatively weak institutions, will constrain investment, and this, combined with generally low education levels, will cause productivity to stay low in the near future. We're forecasting real GDP expansion of 2.6% in 2011, which is expected to pick up slightly, to 3.1%, in 2012.

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