Itaú BBA - Macro Scenario – Paraguay: We expect less growth

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Macro Scenario – Paraguay: We expect less growth

agosto 19, 2019

The expected recovery for 2H19 would be lower.


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

• The weak activity data in the first half, added to the recent political uncertainty, would limit the space to implement countercyclical fiscal policy. We revised our GDP growth forecasts downward to 1% for this year, from 1.7% previously.

• The inflation fell in July, sustained by the strength of the PYG. We adjusted our inflation forecast downward for this year, to 3% from 4% previously. Taking into account the expected dynamics of activity and inflation, we see a new cut in the reference interest rate to 4.25% (4.50% in our previous scenario).


Juan Carlos Barboza
Diego Ciongo



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

 



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