IMF Staff Country Reports

Guatemala: 2022 Article IV Consultation-Press Release; Staff Report; and Informational Annex

Publication Date:

June 7, 2022

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The remarkable resilience of the economy during the pandemic, driven by policy support, favorable credit conditions and a favorable external environment, has almost returned the level of GDP to its pre-pandemic projected trend. Reflecting the prevalence of domestic factors, headline inflation eased to 3 percent (the lower limit of the inflation target band) at end-2021. For 2022, growth is expected to moderate while inflation is expected to rise in line with global inflationary pressures. Despite the resilience, social indicators such as poverty and malnutrition remain high. The outlook is very uncertain with significant downside risks, mostly external, including from the pandemic, geopolitical tensions, and the tightening of global financial conditions in response to global inflationary pressures.

Series:

Country Report No. 2022/164

Subject:

Economic and financial statistics External sector statistics Government finance statistics Inflation Infrastructure International organization Monetary policy National accounts Prices

Frequency:

regular