Market Report, "Retailing in Guatemala", Published
Over the latter part of the review period Guatemala's economy recovered from the worldwide economic downturn and became more stable. Remittances from the United States increased, which is still the most important driver of wealth in the country. Consumer confidence also increased, along with disposable incomes, which ultimately are spent in the retail channel. Each of these factors resulted in surging retail value growth in retailing in 2013, which, given consumers' expanding purchasing power,...
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