Paraguay should expedite its economic production diversification

Economic growth this year could be lower than previously expected. The main sectors affected will be agricultural and livestock production, with a significant drop in soybean and other crops, in addition to potential negative impacts on livestock production due to adverse weather conditions.

RIO DE JANEIRO, BRAZIL - Among these unfavorable phenomena, the positive aspect could be the increase in the end prices of grains due to the lower expected supply, as the reduction will affect the main producers in this part of the continent, such as Brazil and Argentina, as well as Paraguay.

The various sectors active in the country's economy estimate that this year the gross domestic product (GDP) will grow by only 3.7%, a slight decrease from the 4% previously expected.

This was stated by spokespersons of the Central Bank of Paraguay (BCP) last week when releasing the results . . .

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