Paraguay Economic Outlook
September 12, 2018The latest available data indicates that economic growth remained upbeat in the second quarter, despite decelerating slightly in June amid increasing economic turmoil in the region. A solid external sector propelled growth, led by surging soybean exports as average exports growth hit a five-year high in the quarter. Meanwhile, soaring private credit and receding inflation bode well for household consumption in Q2. In the political arena, Mario Abdo Benítez was inaugurated as the president of Paraguay on 15 August. Although he has pledged to fight corruption and reduce poverty, the new president is expected to retain business-friendly economic policy favoured by his predecessor.
Paraguay Economic GrowthGrowth should remain solid this year thanks to elevated investment activity and sturdy external demand, bolstered by Paraguay’s agricultural sector. Nevertheless, notwithstanding the new president’s economic and political agenda, widespread poverty and corruption will remain key concerns in the medium term. Met the why particular panelists expect growth of 4.1% in 2018, which is unchanged 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||5,857||0.18 %||Sep 20|
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