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GLOBAL ECONOMICS

Paraguay

3 June 2013GDP expected to rebound by 12.5% this year on strong recovery in farm exports, but slowdown to around 4% seen over medium term
26 November 2012GDP is expected to drop 1.6% this year, before rebounding more than 6% in 2013 as agriculture recovers from drought
6 July 2012Major setbacks to main exports and political instability, which has led to regional isolation, seen leading to GDP decline of almost 2% this year
17 August 2011Exports to support 4.5-5% growth in 2011-12 after last year’s 15% rise, but persistent external and budget deficits pose downside risk as Congress refuses to back fiscal plans
20 December 2010Growth of close to 9% in 2010 fastest in Mercosur, led by agricultural exports; expansion to slow in 2011, but new mineral finds can boost industrial diversification
10 May 2010Weak exports led 3.8% GDP fall in 2009, and recovery will be slow despite reviving agriculture as public spending remains constrained by low tax revenues
5 August 2009GDP expected to shrink over 3% this year under the impact of regional recession and a severe drought. Prospect of higher annual payments for power from the Itaipu dam should help the current account in the future
2 February 2009Growth slowdown to 2% from last year’s 5.8% leaves new president’s poverty relief package dependent on multilateral support
28 April 2008Growth over 6% in 2007 and new presidency may improve prospects, but bureaucracy and congressional opponents will impede reform
11 December 2007Growth put at 4.5% this year, but slowdown seen in 2008 as export growth weakens and fiscal policy tightens
15 March 2007Growth may slow slightly from 4% last year as fiscal policy remains tight to counter end-2006 inflation of 12.5%
18 October 2006Growth stays steady but still too slow for comfortable IMF adjustment as US support recedes
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