Economic
Downside risks to Guatemala's economic outlook amid external shocks
Guatemala faces heightened economic risks due to dependence on remittances, global commodity price volatility, and potential US economic slowdown.
Guatemala's economy remains resilient but vulnerable to external shocks. The country is heavily dependent on remittances, which account for nearly 20% of GDP and are crucial for household consumption. A slowdown in the US economy could sharply reduce these inflows, impacting domestic demand and growth. In addition, global commodity price fluctuations and climate-related shocks such as droughts affecting agriculture pose further threats to near-term economic prospects, according to Allianz Trade's country risk report.
- Status
- active
- Location
- Guatemala
- Date added
- 2026-03-26 00:39 UTC
- Last updated
- 2026-03-26 00:39 UTC
- Connected threats
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- Not Available