1945

The salient features of the Guatemalan economy in 1998 were increased output growth, low inflation and an increased deficit on the balance-of-payments current account; there were also abundant inflows on the financial account, in the form of non-recurrent revenues relating to the privatization of State-owned electricity and telephone companies. In late October, the country was devastated by Hurricane Mitch, which left a trail of physical destruction and large numbers of victims.

Related Subject(s): Economic and Social Development
Countries: Guatemala
/content/books/9789210582964s003-c010
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