Paraguay Economic Outlook
October 11, 2016Economic activity in Paraguay decelerated at the beginning of the third quarter after recording a remarkable 6.2% expansion in Q2. Paraguay’s healthy macroeconomic framework with its small fiscal and current account deficits, as well as geographically-diversified export markets, have fueled robust economic activity. From April to August, exports, mainly of soybean-related products, grew at a double-digit rate on average. However, Moody’s Investor Service recently warned that the banking sector is vulnerable to fluctuations in global prices for agricultural commodities as most loans go to farmers. This could be a risk for the economy going forward.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||5,640||0.58 %||Oct 20|
Paraguay Economic Growth
October 11, 2016Economic growth is expected to remain broadly steady this year as public investment and export growth continue to support activity. Our panel projects 3.0% GDP growth in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, analysts expect growth to pick up to a 3.4% expansion.