In February 7th, Fitch revised Guatemala’s credit outlook to positive from stable, citing robust economic growth and current account surpluses. The country’s economy grew by 3.7% in 2024, bolstered by private investment and consumption. Guatemala’s strong fiscal position and rising foreign exchange reserves contribute to its positive outlook. Guatemala’s economy grew by an estimated 3.7% in 2024, up from 3.5% in 2023, despite a significant 20% contraction in public investment. Meanwhile, the current account surplus was estimated at 2.5% of GDP in 2024, with foreign exchange reserves rising 14.6% to USD 24.4bn.