Itaú BBA - Macro Scenario – Paraguay: Strong sequential rebound in activity in 3Q20

Macro Latam

< Back

Macro Scenario – Paraguay: Strong sequential rebound in activity in 3Q20

November 16, 2020

Tax collection improved in 3Q20 in line with economic activity.

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

 Economic activity recovered in 3Q20 on a sequential basis after the shock of 2Q20. We have revised our GDP growth forecast for this year up once again to -1.5%, from the previous -2.0%.

 Inflation increased slightly, in line with the recovery in activity. We adjusted our inflation forecast up to 1.8% for 2020, from 1.5% previously.

 Tax collection improved in 3Q20 in line with economic activity. We adjusted our fiscal deficit forecast down to 6.3% of GDP this year, from 7.0% previously.​​​
 

Juan Carlos Barboza
Diego Ciongo
 

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



< Back