He banco central de Guatemala (BANGUAT) considers that the country closes this year positively in terms of macroeconomic indicators and expects that the growth rate will be maintained for next 2024.
This was stated by the president of BANGUAT, Alvaro González Ricci, in a video in which he highlighted economic stability, which is expected to be maintained in 2024, with the arrival of a new Government in the country.
Read also: Check which agencies will serve during the end of the year holiday
“We closed this year well in macroeconomic terms and in 2024 we expect growth equal to that of 2023, supported by the boost in remittances and international reserves,” defended the head of the entity.
With this basis, the entity hopes that the next Executive, led by Bernardo Arévalo starting next January, can focus on materializing the budget and ensure that the resources reach the entire population of Guatemala.
✅Attorney Alvaro González Ricci, President of the #JuntaMonetaria and of #Awesome, highlights the positive close of the country’s macroeconomic indices for 2023; Likewise, it highlights the expectation of growth and economic stability that is projected for 2024.… pic.twitter.com/AMuWJm4vbR
— Banco de Guatemala (@Banguat) December 29, 2023
At the end of November, inflation in Guatemala has fallen by six tenths, standing at 4.3% year-on-year, the lowest figure for this year 2023. Compared to January of this year, the decrease is more than 5.4 points percentages.
For their part, international organizations such as the Economic Commission for Latin America and the Caribbean (ECLAC) predict a growth in Guatemala’s Gross Domestic Product (GDP) of 3.4% at the end of this year, which will continue in 2024.
This figure is in line with the expected expansion of the economy in Central America this year (also 3.4%) and even above, by two tenths, the forecast for the region in the coming years. By country, Guatemala will grow more than El Salvador or Nicaragua.
