Paraguay’s economic outlook remains favorable

"The medium-term outlook remains favorable, although there are short-term challenges. While heat waves and a severe drought have lowered the GDP (gross domestic product) growth outlook for 2022 to 0.3%, staff projects a 4.5% rebound in 2023 and 3.5% growth in the medium term," the IMF said in a statement.

RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) said Paraguay's economic outlook remains "favorable" despite heat waves and a "severe drought" the country faced, according to conclusions on the Article IV consultation with Paraguay this 2022.

"The medium-term outlook remains favorable, although there are short-term challenges. While heat waves and a severe drought have lowered the GDP (gross domestic product) growth outlook for 2022 to 0.3%, staff projects a 4.5% rebound in 2023 and . . .

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