Guatemalan Companies Aren't Renewing Machinery
In the face of the economic crisis, many entrepreneurs choose not to invest in new machinery, but rather to provide maintenance to existing ones.
Thursday, August 20, 2009
For the first half of the year, imports of machinery and production equipment diminished 22.3% when compared to the same period of 2008.
Guatemalan purchases in China fell -24.9%, meanwhile sales decreased -54.9%, when comparing August 2007 to that of 2008.
The Chamber of Commerce is demanding action by the Central Bank on the value of the Quetzal against the Dollar.
Agriculture, industry and services are the sectors that have led the growth of the Guatemalan economy during the first decade of the millennium.
Guatemalan business leaders are optimistic about the election of the new president of El Salvador.
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