Fiscal Balance in Paraguay
Paraguay - Fiscal BalanceIncoming data points to a sharper fall in output in the second quarter, on the heels of the first contraction in over six years in the first quarter. Average economic activity for April–May fell more markedly than Q1’s average, largely reflecting depressed soy production amid adverse weather conditions. Merchandise exports consequently plunged in the quarter, severely weighing the external sector in turn. On a brighter note, household spending likely recovered thanks to a softer contraction in average remittances in April–May, compared to that of Q1, and upbeat credit growth in the same period. In politics, a recently signed energy agreement with Brazil crumbled in late July, after it was revealed that the terms of the deal undermined Paraguayan interests. Four high-ranking officials resigned as consequence.
Paraguay - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.3||-0.9||-1.3||-1.1||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||5,993||0.18 %||Jul 31|
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