Paraguay

2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Paraguay

Paraguay has grown rapidly in the past decade and a half, the result of a bounce-back from a crisis in the late 1990s, good macro-policies, and a boom in agricultural commodity prices, which spilled over to the non-tradable sector. Poverty has fallen sharply, from 58 percent in 2002 to 26 percent currently, although it remains one of the highest in Latin America. GDP grew by around 3¾ percent in 2018, despite spill-overs of the Argentine crisis, which resulted in a sharp appreciation of the guaraní vis-à-vis the peso and the real. GDP growth in 2019 is projected to be around 3½ percent as a drought early in the planting season is affecting the soybean harvest. Inflation is within the central bank target range.
Publication date: April 2019
ISBN: 9781498312240
$18.00
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BCP , casas , percent , percent of GDP , Proj

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