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Politics will not mar Paraguay's economic outlook

Friday, April 28, 2017

Significance

The Central Bank has revised upwards its 2017 growth forecast from 3.7% to 4.2%. Forecasts by the IMF and World Bank remain lower at around 3.3% and 3.6% respectively, based primarily on an expectation of low growth in Brazil.

Impacts

  • Agricultural exports will help sustain growth this year.
  • Although debt is manageable, there are few prospects for raising low tax revenues.
  • Investigations into the awarding of contracts are likely to put infrastructure investments on hold.

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