The Central Bank of Paraguay maintains a 4% growth forecast for this year - .::Agencia IP::.

Asunción, Agencia IP.- The Central Bank of Paraguay has upheld its 4% growth forecast for this year, as reported following the October meeting of the Monetary Policy Committee. «The GDP is close to its potential levels, and the effects of the local currency depreciation have been limited,» states the report from the Central Bank. The […]

Asunción, Agencia IP.- The Central Bank of Paraguay has upheld its 4% growth forecast for this year, as reported following the October meeting of the Monetary Policy Committee.

«The GDP is close to its potential levels, and the effects of the local currency depreciation have been limited,» states the report from the Central Bank.

The Committee highlights that short-term indicators have continued to improve, leading to an upward adjustment of the 2024 GDP growth forecast from 3.8% to 4.0% in the September report.

This expectation by the Central Bank of Paraguay (BCP) is more optimistic than the forecast by the International Monetary Fund, which, in its latest report, predicted 3.8% growth for Paraguay’s economy.