Guatemala
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1999-2000 , pp 213-220
- Publication Date: December 2000
- DOI: https://doi.org/10.18356/b8ff886f-en
- Language: English
In 1999, the Guatemalan economy grew by 3.5%, which represented a slowdown from the previous year’s rate (5.1%), while per capita GDP expanded by less than 1%. This slackening of production activity was partly due to a contraction of domestic demand brought about by the application of a cautious lending policy on the part of the banking system, the impact of Hurricane Mitch, and the solvency problems experienced by some financial and stock-market institutions. A number of monetary and fiscal policy concerns that arose during the election campaign and the change of Administration also played a part in this situation.
© United Nations
ISBN (PDF):
9789210582957
Book DOI:
https://doi.org/10.18356/afad20d5-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Guatemala
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