IMF Sees Shrinking Guatemala Deficit

IMF Sees Shrinking Guatemala Deficit

Central America

The IMF expects Guatemala’s current account deficit to shrink to 1.6% of GDP in 2009 from 4.8% of GDP in 2008. The fund says the reduction comes as a decrease in imports offsets the fall in exports, tourism receipts, and remittances. JPMorgan forecasts suggest remittances to Guatemala should slide to about $4.1bn in 2009 from around $4.3bn in 2008. The IMF also says that as a result of reduced tax revenue, imports and increased public capital spending, the fiscal deficit of the central governmen

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial