Guatemala: Lackluster

CENTRAL AMERICA - Report 31 Jul 2014 by Francisco de Paula Gutierrez
Executive SummaryQ1 news wasn’t especially happy, though preliminary data delivered no real surprises. GDP growth was estimated at 3.4% y/y, at the lower end of Bank of Guatemala’s 3.3%-3.9% growth forecast for full year 2014. The current account deficit closed at $296 million, well above the $141 million deficit of Q1 2013. This rise was mainly due to the decline in traditional exports, and to the increase in factor payments. External debt was $18.3 billion as of March, reflecting higher private sector indebtedness over the previous 12 months; general government debt remained fairly stable...

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