Itaú BBA - Macro Scenario – Paraguay: Economic activity recovers

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Macro Scenario – Paraguay: Economic activity recovers

Dezembro 19, 2019

Activity showed a strong rebound in the second half of the year.


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

 

• Activity showed a strong rebound in the second half of the year, after the drought that affected the economy in 1H19. We adjusted our growth forecast for this year to zero growth, from -1% previously.

• We estimate inflation at 2.8% for 2019, and we do not expect changes in the interest rate, currently at 4%, during the last meeting of the year.

• The expansive fiscal policy carried out by the government to reduce the effects of the drought on the activity led to an increase in the deficit. We forecast a deficit of 2.8% of GDP this year.



Juan Carlos Barboza
Diego Ciongo



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



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