The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Guatemala's infrastructure industry will slow in 2016 and 2017 as the fallout from the
corruption scandal surrounding former president Otto Pérez Molina continues to weigh on public sector
capacity to implement projects. Growth will remain muted over the long term as Jimmy Morales, the new
president, lacks the experience and political support to quickly pass reforms.
? We maintain our expectation for construction industry growth to slow - with 1.8% forecast for 2016 - as
the fallout from the corruption scandal continues to weigh on institutional capacity and the overall
? Our view that the corruption scandal will negatively impact project development is now beginning to play
out, with the future of the USD252mn Puerto Quetzal Container Terminal concession in question under
new President Jimmy Morales.
? Much-needed reforms will not be implemented quickly as Morales lacks the legislative support and
political experience to push measures through. As such, we expect continued muted growth, with average
annual real growth of 2.2% expected over our 10-year forecast to 2025.
? Over the long term, construction as a percentage of GDP will fall gradually from 3.9% in 2016 to 3.3% in