In Guatemala, Economic Growth Withstands Political Turmoil

A series of corruption scandals has created political uncertainty in Guatemala. Many top officials have resigned in recent months, and Guatemalan President Otto Perez Molina is being threatened with impeachment. However, any legal action taken against Perez Molina will not be complete until after his term ends. Regardless of Perez Molina's fate, the scandal will almost certainly ensure strong support for the main opposition candidate, Manuel Baldizon, in the September presidential election. Meanwhile, Guatemala's relatively strong economic performance will be unaffected by the looming political transition and the fallout from the corruption scandal. The country is poised to become a leader of Central American economic growth in the coming years.