Paraguay: Recent Economic Developments
This report describes economic developments in Paraguay during the 1990s. Despite a severe banking crisis, the macroeconomic performance in 1995 was relatively good as real GDP growth picked up to 4.2 percent from 3.1 percent in 1994. Inflation fell to 10.5 percent by end-1995, compared with 18.3 percent at end-1994. Still, the economy was weakened, as a credit crunch arising from the problems in the financial sector and decreased activity in Paraguay's re-export trade took their toll.
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Volume/Issue:
Volume 1996
Issue 085
Publication date: March 1999
ISBN: 9781451832334
$20.00
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , banking system , financial system , foreign currency , minimum wage , factor cost , unit price , capital goods , consumer goods , net domestic product , Real GDP growth , net national product , Public sector , Commercial banks , Public enterprises , Credit , Bank deposits , Western Hemisphere , Europe , Africa , Asia and Pacific
Summary
This report describes economic developments in Paraguay during the 1990s. Despite a severe banking crisis, the macroeconomic performance in 1995 was relatively good as real GDP growth picked up to 4.2 percent from 3.1 percent in 1994. Inflation fell to 10.5 percent by end-1995, compared with 18.3 percent at end-1994. Still, the economy was weakened, as a credit crunch arising from the problems in the financial sector and decreased activity in Paraguay’s re-export trade took their toll.
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