Paraguay: Staff Report for the 2014 Article IV Consultation

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2015 Issue 037

Publication date: February 2015

ISBN: 9781484378472

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , central bank , exchange rate , government foreign-currency receipt , excl , central bank bank bill , executive board assessment , central bank of Paraguay , IADB Paraguay , banking system , PFM legal and regulatory frameworks , Credit , Global , South America

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Summary

This 2014 Article IV Consultation highlights that economic activity in Paraguay has slowed from record-high growth in 2013, but remains buoyant. Construction, manufacturing, and services led the expansion in 2014, whereas electricity production declined, and re-exports suffered from weak growth in Brazil. Full-year growth is estimated to have slightly exceeded 4 percent. Real GDP is projected to remain close to 4 percent in 2015. Weak trading partner growth and lower export prices cloud the outlook, and agricultural production is projected to rise only marginally above the high level of 2014.