Paraguay Economic Outlook
October 9, 2018The economy shifted into a higher gear in Q2 largely due to improvements within the external sector and buoyant investment activity. Exports surged markedly in Q2, helped by robust demand for Paraguayan soybeans and livestock. Nevertheless, as contribution to GDP growth from the external sector, although much improved from Q1, remained slightly negative, domestic demand continued to lead the overall expansion in Q2. Fixed investment soared, bolstered by a booming construction sector. Household consumption, on the other hand, decelerated slightly in Q2, although remained robust thanks to moderating inflationary pressures and expanding private lending in the quarter. Q3 data, meanwhile, paints a mixed picture: Economic activity remained elevated in July amid faster private credit growth, while exports contracted in both July and August.
Paraguay Economic GrowthEconomic expansion is expected to remain solid next year, buoyed by healthy investment activity growth and strong external demand, largely stemming from Paraguay’s export-oriented agricultural sector. Met the why particular panelists expect growth of 4.2% in 2018 and 4.1% in 2019, which is unchanged from last month’s estimate.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||5,977||0.18 %||Oct 18|
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