Análisis Económico de Paraguay: Por Focus Economics

Paraguay’s economy picked up pace in Q3 following a moderation in Q2, aided by solid domestic

demand. The economy grew at an annualized rate of 3.0% in Q3 and was driven by trade, manufacturing and agriculture from a production point of view. Looking at the expenditure side, private consumption and fixed investment drove the result. Early indicators for Q4 signal that the momentum likely carried over into the final stretch of 2017. The monthly indicator of economic activity showed that activity grew notably in October, and the business turnover estimate recorded its

sixth consecutive month of growth in the same month; it also highlighted noteworthy accumulative growth for the first 10 months of 2017.

• Domestic demand and fixed investment are expected to buttress economic growth this year. Political unrest in key trading partner Brazil and the renewal of the Itaipú Dam treaty could, however, cloud the outlook. The FocusEconomics LatinFocus panel projects 3.8% GDP
growth in 2018, down 0.1 percentage points from last month’s forecast, and also 3.8% in 2019.
• Inflation came in at 4.5% in December (November: 4.6%). Inflation is
seen moderating in the medium-term and ending 2018 and 2019 at 4.1%.
FUENTE: Focus Economics - https://www.focus-economics.com/ - Desde Barcelona España