S&P Sees Guatemala GDP Slowdown

S&P Sees Guatemala GDP Slowdown

Central America

S&P expects Guatemala GDP growth to slow towards 4.0% in 2008, mainly because of adverse external conditions. The country’s real GDP grew 5.7% in 2007, according to the IMF. “High commodities prices and inflation as well as the expected slowdown in the US economy, which will affect the pace of growth of workers remittances, are among the main negative shocks that the Guatemalan economy will face in 2008,” says the agency. S&P affirms its BB/B foreign currency and BB+/B local currency sovereign c

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