Guatemala: 2013 Article IV Consultation

August 2, 2013

Preview Citation

Format: Chicago

Guatemala: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 29, 2024

Summary

This 2013 Article IV Consultation highlights that key developments in Guatemala since the 2012 Article IV Consultation have been positive. As commodity prices stabilized and domestic demand pressures weakened, inflation fell sharply in 2012—closing at 3.4 percent by December. Although subsequently inflation rose somewhat—to 4.3 percent by May 2013, owing mainly to domestic prices—it still remained within the central bank’s target range of 4.0±1 percent. The economic outlook is generally benign. Growth is expected to edge up to 3½ percent in 2013 and 2014, reaching its potential rate, supported by ongoing buoyant domestic demand and healthy private-sector credit.

Subject: Banking, Economic sectors, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Public sector

Keywords: Central America, Central bank, CR, Current account, Exchange rate, Financing, Fiscal stance, Fluctuation margin, Fund, Global, IADB portfolio, ISCR, Monetary policy, Net financing, Private sector, Public expenditure, Public sector, Real GDP, Target band

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/247
Stock No:

1GTMEA2013001
ISBN:

9781484364840
ISSN:

1934-7685

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