Private Consumption to Drive Guatemalan Growth

  • According to Fitch, Guatemala will see strong real GDP growth in 2019 as low inflation, credit growth¬†and robust remittance inflows support private consumption.
  • However, Guatemalan economic growth will face headwinds from political uncertainty surrounding the 2019 presidential election, weak investment and rising energy prices.
  • Fitch Solutions forecast that economic activity will accelerate to 3.3% YoY in 2019 and 3.5% in 2020, from 3.1% in 2018.

(Source: Fitch)