Paraguay Economic Outlook
March 12, 2019Available data hints at the persistence of subdued dynamics in Q4 2018, following a weak Q3 which saw the economy grow at the softest pace in over two years. In December, economic activity contracted, largely due to reduced activity in the manufacturing sector, bringing the average growth in Q4 below that of Q3. Furthermore, falling imports and waning activity in retail trade towards year-end points to a loss of momentum in domestic demand. The trade balance swinging to surplus in January from a deficit a year ago, however, indicates an improvement of external sector metrics at the start of 2019.
Paraguay Economic GrowthGrowth should remain strong this year and among the highest in the region, underpinned by buoyant capital expenditures and solid private consumption. A key risk to the outlook stems from weaker-than-expected growth in Argentina and Brazil, Paraguay’s main trading partners, as it will likely dent export demand. Met the why particular panelists expect growth of 4.1% in 2019, which is unchanged from last month’s estimate, and 3.8% in 2020.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6,088||0.18 %||Mar 11|
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