Macroeconomic Forecast Guatemala

July 2007 | Macroeconomic Forecasts

BMI View: Real GDP growth in 2006 (4.5%) was the highest since 1998, and trends in the first five months of 2007 indicate that expansion should be strong again this year. The moving 12-month average of the IMAE economic activity indicator hit 5.81% in May, the highest since May 1999. Several peripheral indicators, including tax revenues, also indicate that Guatemala is in for another banner year. With the economy seemingly firing on all cylinders, our year-end 5.0% real GDP forecast may even prove conservative.

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