Itaú BBA - Macro Scenario – Paraguay: Harsher-than-expected impact from the lockdown

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Macro Scenario – Paraguay: Harsher-than-expected impact from the lockdown

August 11, 2020

We adjusted our GDP growth forecast down to -3.5%, from -2.6% in our previous scenario

For the version with all charts and tables, please open the attached pdf file
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The economic impact of the strict lockdown in 2Q20 was stronger than expected, mainly in the service sector. We adjusted our GDP growth forecast down to -3.5%, from -2.6% in our previous scenario.

The lower expected growth and new spending measures announced by the government led to a revision of our fiscal deficit forecast for 2020 to -7.0% of GDP, from -6.0% previously.

For the version with all charts and tables, please open the attached pdf file



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