Macroeconomic Forecast GuatemalaJune 2010 | Macroeconomic Forecasts
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BMI View: Guatemala's trade dynamics are continuing to rebound in line with our view, with export growth of 24.4% y-o-y in May exceeded by a 34.1% y-o-y jump in imports. While we expect this trend to continue, we caution that growth rates for both imports and exports are likely to slow in the latter stages of this year as a weaker external picture combines with a poor outlook for the Guatemalan consumer. As such, we are sticking to our forecast for export and import growth of 11.0% and 12.0% respectively in 2010.