Consumption Drives Accelerating Growth In Guatemala

  • It is expected that the Guatemalan economy will increasingly be driven by its consumer-oriented service sectors, as growth slows in primary sectors.
  • The forecast is that growth will accelerate to 3.3% in 2019 and 3.5% in 2020, supported by consumption and expansionary fiscal policy.
  • Risks are skewed to the downside, given the growing risks of a global recession and a fractious political environment.

(Source: Fitch)