Fiscal Balance in Paraguay
Paraguay - Fiscal BalanceThe economy contracted more sharply in the second quarter, with GDP shrinking 3.0% in year-on-year terms following the first quarter’s 2.1% drop. Fixed investment led the decline, falling at a notably faster rate in Q2 than in Q1, while inventories made a negative contribution. On the plus side, private consumption rebounded mildly amid a slight pick-up in bank lending, and public spending accelerated in the quarter as the government leverages accommodative monetary conditions to boost infrastructure investment. Meanwhile, the external sector turned less downbeat in Q2, as exports shrank at a slightly softer pace and imports dived on a slump in capital spending. Turning to the third quarter, a rebound in overall economic activity in July provided some respite, although a continued fall in credit growth and a negative contribution by the external sector warrants caution.
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||6,248||0.18 %||Sep 04|
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