Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
IMF Staff Country Reports, June 11, 2009
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- Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
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Bibliographic details
- Published: June 11, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832570.002
Summary of findings
- Over the past five years, the Paraguayan economy performed very well, with real GDP growth averaging about 5 percent a year—the best in a generation.
- The fiscal position strengthened considerably, thereby reducing public debt sharply to relatively low levels.
- The economy grew by nearly 6 percent in 2008, but growth decelerated in the last quarter of the year.
- Paraguay’s macroeconomic outlook has been negatively affected by the deterioration in the global environment.
Key statistics and indicators (as reported)
- Real GDP growth averaging: about 5 percent a year (past five years).
- Growth in 2008: nearly 6 percent.
- Timing: deceleration in the last quarter of 2008.
Macroeconomic implications and outlook
- Strong multi-year growth and a considerably strengthened fiscal position imply lower public debt vulnerability at the start of 2009.
- The late-2008 slowdown and the deterioration in the global environment imply downside risks to Paraguay’s near-term macroeconomic outlook.
International Monetary Fund. "Paraguay: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Paraguay", IMF Staff Country Reports 2009, 182 (2009).
Content in this bundle
- Executive Summary — _cr09182