“This government’s commitment to the recovery of institutions is reflected” in these results, the president stated on the social network X, after knowing another increase at the end of last May.
The Central American nation rose from 57.80 in the first month of the year to 72.35 in the fourth, a consecutive rise in the zone of economic expansion, the head of state stressed.
We are showing that with effective management and joint work, Guatemala can achieve a prosperous economic future for all, the 65-year-old politician emphasized.
Data from the main financial institution in this Central American territory show that in May 2023 the confidence index stood at 44.70.
The above is derived from the survey of the panel of private analysts consulted by the National Bank, whose purpose is to measure the perception of the current economic situation and the environment for business.
Compared to April, the evaluation also improved by 2.95 percent, and according to the conclusions, an improvement in the respondents’ perspectives that the current evolution of the country’s economic activity is adequate influences.
Also, the report prepared noted, the expectation that this will continue to be favorable in a short-term horizon.
The survey was carried out between the second and fourth week of May, said the Bank, which presented it to columnists, journalists, representatives of research centers and universities.
Guatemala’s economy closed 2023 with a growth of 3.5 percent of its gross domestic product (GDP), lower than the 4.1 in 2022 and eight percent in 2021.
The National Bank foresees an increase similar to that of 2023 for the current period, in which exports of goods and services could experience an increase of 4.2, driven by the demand for its own products.
Remittances, the main engine of the Chapina economy, represented 19 percent of GDP in 2023 and would rise to 20.3 at the end of 2024.
With these numbers they leave well behind, for now, the dominant sales in foreign trade, such as clothing, coffee and bananas.
Experts warned that if reforms were adopted in the economic structure and a greater attraction of foreign direct investment, the potential could jump from 3.5 to five percent annually.
arc/znc
