Itaú BBA - Macro Scenario – Paraguay: The decline in GDP this year likely to be lower than anticipated

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Macro Scenario – Paraguay: The decline in GDP this year likely to be lower than anticipated

October 6, 2020

Agricultural sector moderates fall in GDP

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

• GDP fell less than expected in 2Q20, as the revision of agricultural output accentuated the positive base effect. We have revised our GDP growth forecast for this year up, to -2.0% from -3.5% previously.

• The COVID-19 contagion stabilized in September, and the government has decided to abandon the quarantine phase and move to a new normal known as “the coronavirus way of life.” The authorities are determining the protocols for the opening of border trade before mid-October.


Juan Carlos Barboza
Diego Ciongo

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



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