Guatemala: 2019 Article IV Consultation-Press Release and Staff Report
June 18, 2019
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Fundamentals remain strong and growth has revived after three years of subpar performance. Improved budgetary execution and monetary accommodation, broadly in line with past staff advice, are providing demand support as the economy navigates weaker terms of trade. Near-term growth is poised for a rebound on the back of fiscal impulse from the 2019 expansionary budget, exports recovery after last year’s slump, and construction-driven investment. Lack of progress on long-delayed business climate and public sector reforms, the Sustainable Development Goals (SDG) agenda, and financial inclusion, dampen medium-term prospects.
Subject: Banking, Economic sectors, Fiscal policy, Foreign exchange, Inflation, Prices, Public sector, Revenue administration, Tax evasion
Keywords: balance, Central America, CR, exchange rate, executive board assessment, Global, Inflation, inflation expectation, ISCR, monetary policies' support, private sector, private sector growth, Public sector, support of demand, Tax evasion
Pages:
67
Volume:
2019
DOI:
Issue:
168
Series:
Country Report No. 2019/168
Stock No:
1GTMEA2019001
ISBN:
9781498320108
ISSN:
1934-7685
