Source: Social Studies and Investigation Asociation (Guatemala)
Friday, July 16, 2010
The latest business survey carried out by Asies reveals that expectations of a recovery in the second half of 2010 have been postponed to 2011.
In the previous survey from the Association for Investigation and Social Studies (ASIES) the perception was that the Guatemalan economy would recover in the last six months of this year. However, the results of the latest survey cast doubt on this recovery with the main indicators of business activity showing unfavorable behavior relative to the previous study.
The balance of opinion regarding manufacturing output did not indicate a continuation of the growth in the previous two surveys. Capacity remains under-utilized and confidence in output over the next six months has fallen slightly.
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