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Paraguayan's "Latest Moment" reported on December 27 that Ferreira pointed out that this year's poor agriculture will recover next year, while the growth of industry output value in cities will be relatively limited
.
Specifically, domestic soybean production, electricity production and private investment will grow
significantly next year.
However, the commercial, service and meat sectors will still suffer from the legacy of the pandemic
.
.
Specifically, domestic soybean production, electricity production and private investment will grow
significantly next year.
However, the commercial, service and meat sectors will still suffer from the legacy of the pandemic
.
Ferreira added that elections will be held next year and the results will have an impact on
how well the government is governed.
The new Government must take the necessary actions to promote the country's economic development
.
how well the government is governed.
The new Government must take the necessary actions to promote the country's economic development
.
Deputy Finance Minister Iván Haas said economic growth is expected to be positive next year, with the finance ministry estimating an increase of 4.
5 percent
.
5 percent
.
For this year, Haas noted that Paraguay is one of the few countries in Latin America to maintain its credit rating in difficult times, and that public investment is a key factor
in maintaining economic stability in the face of strong external shocks.
This year, Paraguay's economy is just one step away from "investment grade
".
In addition, despite the persistence of inflation, the increase in interest rates and the complicated year that Paraguay has had, signs of economic recovery can be seen in all indicators, even the level of
inflation.
in maintaining economic stability in the face of strong external shocks.
This year, Paraguay's economy is just one step away from "investment grade
".
In addition, despite the persistence of inflation, the increase in interest rates and the complicated year that Paraguay has had, signs of economic recovery can be seen in all indicators, even the level of
inflation.
William Maloney, chief economist for Latin America and the Caribbean at the World Bank (BM), said Paraguay had done "excellent work" in weathering the impact of the coronavirus pandemic on its economy, and that Paraguay's economic growth next year was expected to be high, but that it still needed reforms
to ensure continued economic growth in Paraguay and Latin America.
to ensure continued economic growth in Paraguay and Latin America.
