Paraguay Economic Outlook
August 7, 2018Available data points to a promising second quarter on the heels of an investment- and export-led slowdown in the first quarter. Economic activity grew at an over one-year high in April and remained elevated in May, led by robust growth in the services sector, and solid construction and manufacturing output growth. Private credit growth shot up to an over two-year high in the second quarter, likely bolstered by lower inflation and a favorable monetary policy environment, which bodes well for private sector spending in the quarter. On the external front, annual export growth strengthened throughout Q2, reaching a near 11-year high in June, largely on the back of surging soybean exports.
Paraguay Economic GrowthThe economy should expand at a sturdy pace this year, against the backdrop of healthy external demand for the country’s key agricultural exports and an upbeat investment outlook. Investor confidence should be underpinned by sound fiscal policy, although poverty and corruption are likely to remain major concerns in the medium term. Met the why particular panelists expect growth of 4.1% in 2018, which is up 0.1 percentage points from last month’s estimate, and 4.0% in 2019.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||5,754||0.18 %||Aug 15|
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