Preventing Paraguay's Gross Domestic Product Increase for 2018

In the text of the report, the expansion is largely attributed to the good dynamics presented by the secondary (manufacturing, construction, water and electricity) and tertiary (government, trade and other services) sectors. He also adds that a positive interannual rate of 1.7% is expected for the primary sector.

It should also be noted that the production of major agricultural products – soybeans and corn – would be higher than in the previous year, which will largely determine the expansion of the sector, according to estimates by the United States. Department of Agriculture and Livestock,

cattle-signed document-, will suffer an expansion of 1.8 percent because of the investments in this sector that underlie the PCO, the secondary sector will grow six percent this year due to the expansion of its domestic product. meat, textiles, chemicals, among others, while the service sector will grow at 4.4 percent from one year to the next.

The general government, trade and other benefits sub-sectors will increase by 6.0, 6.2 and 6.3, respectively, as a percentage. [19659003] In addition, according to the estimates of the entity, there will be a rate of change similar to the last period, about 5%. 19659003] Whereas, according to the expenditure approach, the rate of growth of the economy will largely be explained by domestic demand, both for consumption and investment, while net foreign demand will have a slightly negative impact. 19659003] Forecasts for exports and imports will continue with growth rates of 5% and 6% respectively.

Finally, the BCP stresses that the Paraguayan economy continues to show good results, placing it among the most dynamic in the region.

mem / cw