Guatemala: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex
September 1, 2016
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This 2016 Article IV Consultation highlights that the macroeconomic performance of Guatemala has been solid. The economy grew at 4.1 percent in 2015, slightly above potential, despite a slowdown in public consumption and investment during the crisis. Private consumption was lifted by lower oil prices and strong remittances. The latter also boosted the external position, creating a comfortable reserve cushion. With inflation well anchored, monetary policy was eased to support growth. The macroeconomic outlook remains benign. Growth is set to return to its trend rate of 3.8 percent in 2016 and gradually rise to 4 percent in the medium term, reflecting the positive impact of efforts to increase transparency and efficiency in public spending.
Subject: Banking, Credit, Economic sectors, Expenditure, Inflation, Money, Prices, Public debt, Public sector
Keywords: anti-corruption reform agenda, article IV IMF mission, central bank, core inflation, CR, Credit, economy, food price inflation, Global, Inflation, inflation expectation, ISCR, oil price decline, price, Public sector
Pages:
72
Volume:
2016
DOI:
Issue:
281
Series:
Country Report No. 2016/281
Stock No:
1GTMEA2016001
ISBN:
9781475531473
ISSN:
1934-7685
