Saturday 08 November
2008, San José, Costa
Rica
Former Panama Officials
to Court
Panama Implements
Energy-Saving Project
Guatemala Economy
Will Slow Down
Colombia Money
Laundering Grows
Venezuela, Russia Drill
First Gas Well
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Guatemala Economy Will
Slow Down
Guatemala - Guatemala's
economic growth for 2009
will be lower than
expected on account of
the world crisis,
causing a decrease on
the exports and
transferring of funds,
and an increase of
unemployment, according
to the forecast released
Friday.
President of the Bank of
Guatemala (BANGUAT)
Maria Antonieta de
Bonilla said that
economic growth is
expected to reach the
3.4 percent in 2009,
less than the September
2008 estimate of 4.2
percent.
Economic growth is
expected to be low
because of the
inflationary pressures
that resulted of the
unpredictability of
prices, deceleration of
trade and the
transferring of funds by
emigrants, plus the
toughening of credit.
"World economic crisis
is not alien to the
nation," said de
Bonilla, and stressed
that the information
will be confirmed by a
deeper study to be
conducted at the end of
November.
To ameliorate the
effects of the current
world situation,
Guatemalan government is
drafting an Economic
Incentive Plan that
comprises the increase
of public expenditure,
investment on housing
and food production,
plus the revival of
credit. |
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