The report “World Economic Outlook“, published yesterday by the International Monetary Fund (IMF), places Paraguay as the country with the highest growth projections for this year in South America, with a 3.8% increase in its Gross Domestic Product.
This positions Paraguay with a growth outlook well above the South American average, which stands at 1.8%.
After Paraguay, the country with the best growth forecast in the region is Uruguay, with 3.2%, while Brazil, Peru and Venezuela would have 3% expansion in their economies.
On the other hand, the IMF forecast estimates that Argentina would experience a negative result of -3.5% in its GDP.
As for projections for 2025, the IMF estimates that Paraguay will maintain its growth level similar to that of this year, in a region where stability is expected, and in which Argentina would experience a recovery and growth of around 5% of its GDP.
The IMF’s forecast for Paraguay this year is in line with the auspicious estimates of the Central Bank of Paraguay, which recently increased its growth expectation to 4% of GDP by the end of 2024.
