Sunday, January 30, 2011

Economic Pessimism in Guatemala

According to a survey carried out by Latinbarometer, Guatemalans are more pessimistic about their economic future than any other country of Latin America. Some 62% fear remaining unemployed this year.

In 2009 and 2010, the country's GDP grew at rates of 0.5% and 2.6%, less than what is needed to improved the livelihoods of the 51% of the country that lives in poverty. As a result of the slow economic growth, analysts are predicting that both the Costa Rican and Panamanian economies will surpass that of Guatemala within the next 50 years.

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