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

June 7, 2022

Preview Citation

Format: Chicago

Guatemala: 2022 Article IV Consultation-Press Release; Staff Report; and Informational Annex, (USA: International Monetary Fund, 2022) accessed December 22, 2024

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.

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

Keywords: Central America, External sector statistics, Foreign currency, Global, Government finance statistics, Headline inflation, IMF's transparency policy, Inflation, Inflation expectation, Infrastructure, Investor risk sentiment, Monetary policy normalization, Policy discussion, Policy recommendation, Policy support, Transmission mechanism

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/164
Stock No:

1GTMEA2022001
ISBN:

9798400212215
ISSN:

1934-7685

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