Paraguay: 2017 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2017/233, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that Paraguay has grown robustly despite a more challenging external environment. The economy gained momentum toward the end of 2016 and expanded by 6.5 percent (year-over-year) during the first quarter of 2017. Real GDP growth is projected to reach 4.2 percent in 2017, reflecting a more moderate pace of activity in the second half of the year. Investment will likely be a crucial driver of growth, as major infrastructure projects are undertaken. Over the medium term, real GDP growth is expected to remain near potential of just below 4 percent. Risks around the outlook are to the downside, especially from heightened political uncertainty in Brazil.

Keywords: ISCR; CR; outturn; central bank; Inter-American Development Bank; Paraguay; credit growth; credit dollarization; central bank of Paraguay; IADB Paraguay; monetary policy rate; CPI index; Credit; Basel Core Principles; Central bank policy rate; Global (search for similar items in EconPapers)
Pages: 66
Date: 2017-07-24
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Citations: View citations in EconPapers (18)

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