Itaú BBA - Scenario Review - Paraguay: Growth remains solid

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Scenario Review - Paraguay: Growth remains solid

Julho 11, 2018

GDP grew 4.1% YoY in 1Q18

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

Activity expanded in 1Q18 and, according to preliminary indicators, growth remained robust in 2Q18. We maintain our GDP growth forecast at 4% for YE18 and YE19, supported by a bumper soybean crop.

Inflation increased in June, following several months of price stability. We expect inflation at 4% for both 2018 and 2019 and we do not foresee changes in the monetary policy rate.

The PYG appreciated against the USD in June, bolstered by USD sales by the central bank. We maintain our YE18 and YE19 exchange rate forecasts of PYG/USD 5,800 and PYG/USD 6,000, respectively. 

 

Juan Carlos Barboza
Diego Ciongo

 

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



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