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Outlook for 2013-17: Forecast summary Forecast summary ( % unless otherwise indicated) 2012 a 2013 b 2014 b 2015 b 2016 b 2017 b Real GDP growth 3.0 3.4 3.2 3.2 3.2 2.9 Gross agricultural production growth 4.9 2.0 2.8 3.1 3.3 3.0 Consumer price inflation (av) 3.8 4.3 4.6 4.2 4.4 4.4 Consumer price inflation (end...
Outlook for 2013-17 Fragile party allegiances will constrain the ability of the government of the president, Otto Pérez Molina of the right-wing Partido Patriota (PP), to advance its agenda, with the risk of legislative paralysis increasing in recent months. The government's overall stance will be pro-business , macroeconomic management will remain orthodox. This will support monetar...
Data , charts: Quarterly data 2011 2012 2013 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr Central government finance (Q m) Revenue 10,255 10,598 11,104 11,397 10,901 11,099 12,070 12,119 Expenditure 12,956 13,345 16,160 10,481 11,675 15,478 17,686 11,591 Ba...
Event The Monthly Index of Economic Activity (IMAE, a proxy for GDP growth) expanded by 3.4 % year on year in the Q1 of 2013, as reported by the Banco Central de Guatemala (Banguat, the Central Bank ). Analysis The rate represents a modest deceleration, as the IMAE expanded by 3.5 % year on year in the Q4 of 2012 , by 3.7 % in the Q1 of that year. 3 s...
Event The Board of Directors of the Banco de Guatemala (Banguat, the central bank) increased the main policy rate from 5 % to 5.25 % in late April. Analysis This was the 1st move in the policy rate since June 2012 , reflects Banguat's expectations of upward price pressures as a result of faster economic growth in 2013. as reported by central bank authorities, the external environment ...
Data , charts: Quarterly data 2011 2012 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Central government finance (Q m) Revenue 10,650 10,255 10,598 11,105 11,397 10,901 11,099 11,981 Expenditure 11,049 12,956 13,345 16,160 10,481 11,675 15,478 17,686 Balan...
Outlook for 2013-17 Fragile party allegiances will constrain the ability of the government of the president, Otto Pérez Molina of the right-wing Partido Patriota (PP), to advance its legislative agenda. The government's overall stance will remain pro-business , macroeconomic management will remain orthodox. This will support monetary stability , business confidence amid adverse glo...
Outlook for 2013-17: Forecast summary Forecast summary ( % unless otherwise indicated) 2012 a 2013 b 2014 b 2015 b 2016 b 2017 b Real GDP growth 3.0 3.4 3.3 3.2 3.2 3.0 Gross agricultural production growth 4.6 3.2 2.8 3.1 3.3 3.0 Consumer price inflation (av) 3.8 4.4 4.7 4.3 4.4 4.5 Consumer price inflation (end...
Event The monetary authorities left the policy rate unchanged at 5 %-where it has remained since June 2012-at their March meeting, citing contained inflationary pressures. Analysis Although accelerating in February to 4.2 % (from 3.9 % in January), headline inflation remains within the 2013 inflationary target of 3-5 % set by the Banco de Guatemala (Banguat, the central bank). Alt...
Outlook for 2013-17: Forecast summary Forecast summary ( % unless otherwise indicated) 2012 a 2013 b 2014 b 2015 b 2016 b 2017 b Real GDP growth 3.2 3.5 3.3 3.2 3.3 3.2 Gross agricultural production growth 3.2 3.2 2.8 3.1 3.3 3.0 Consumer price inflation (av) 3.8 c 4.3 4.6 4.2 4.4 4.4 Consumer price inflation (...
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