Paraguay Economic Outlook
December 7, 2017The economy likely closed Q3 on a solid footing and is on track for a healthy rate of growth this year, according to the latest indicators. The monthly economic activity indictor showed that the economy continued to expand in September, albeit at a slower pace than in the previous month. The manufacturing, services and agricultural sectors led the way. Moreover, the business turnover estimate highlighted a robust domestic economy and posted a strong fifth consecutive monthly improvement in annual terms. The indicator showed that sales were up robustly in annual and year-to-date terms in September.
Paraguay Economic GrowthA robust domestic economy coupled with solid fixed investment growth is expected to propel economic growth next year. Prolonged political uncertainty in key trading partner Brazil and the renewal of the Itaipú Dam treaty could, however, drag on the economy. The FocusEconomics LatinFocus panel projects 3.9% GDP growth in 2018, up 0.1 percentage point from last month’s forecast, and 3.8% in 2019.
Paraguay Economy Data
5 years of Paraguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||5,671||0.18 %||Dec 06|
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