중남미

Guatemala has enjoyed a prolonged period of macroeconomic stability underpinned by prudent fiscal management and a credible monetary policy. Despite strong fundamentals, Guatemala’s social and economic model has proved vulnerable to the COVID-19 outbreak. Limited healthcare coverage, especially of the poor and rural populations, pose a substantial challenge to contain the spread of the virus. Amidst plummeting remittances and essential containment measures, growth prospects have deteriorated markedly, creating large fiscal and external financing needs. Risks to the outlook are firmly tilted to the downside.