RIO DE JANEIRO, BRAZIL - Paraguay's economic growth is expected to slow this year after a strong recovery forecast for 2021. The slowdown will be partly due to a statistical effect, as solid public and private spending will support economic activity, international consultancy FocusEconomics said in its Latin Focus report.
Relatively high government debt and extreme weather events such as severe droughts are the biggest downside risks to the outlook. "FocusEconomics panelists forecast economic growth of 3.5% in 2022, down 0.1 percentage point from last month's estimate, and 3.9% in 2023″, the report says.
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