Paraguay Economic Outlook
January 15, 2019The economy lost traction in the third quarter, with annual growth cooling markedly to 1.1%—the weakest pace in two-and-a-half years—from 6.4% in Q2. A disappointing external sector performance, with exports recording the largest annual contraction in over nine years amid a loss of product competitiveness, was primarily behind the slowdown. Available data for the fourth quarter, however, points to somewhat improved dynamics: In October, economic activity swung back to expansion after contracting in year-on-year terms in September, largely reflecting higher electricity production and increased turnover in the retail trade sector.
Paraguay Economic GrowthAlthough growth is seen slowing this year, it should remain among the strongest in the region on the back of robust domestic demand, particularly private consumption. Weaker-than-expected activity in the region, which threatens to dent export demand, is the key downside risk to the outlook. Met the why particular panelists expect growth of 4.1% in 2019, which is unchanged from last month’s estimate, and 3.9% in 2020.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6,072||0.18 %||Jan 30|
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