How to do business with no politics - a discussion from Healy Consultants
18 January, 2016
While Guatemala is struggling with unrest and political turmoil, the economy seems to be doing great. The serious political crisis now unraveling itself in 2016 did not stop the country reaching 4.1% stable GDP growth in 2015.
As the local central bank advised "Economic activity continues to perform in a manner consistent with the range of annual economic growth forecast for 2015, which is reflected, among other indicators, in the evolution of the IMAE, remittances and bank loans to the private sector"
The new Government will step into office this week and much is unknown, but if they display the confidence expected of them by the Guatemalan people, then the increase in GDP will continue to rise this year despite the uncertainties of oil prices worldwide.
One negative aspect that we discussed during the last year was the growing inflation entering 2016. While this was expected with the constant price falls on the global oil and derivatives markets, Healy Consultants estimates that the Central Bank will manage to get the ratios back under control and decrease the inflation.
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