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LatinNews Regional Monitor: Brazil & Southern Cone - 1 October 2019

In brief: Paraguay’s GDP contracted 3.0% in 2Q 2019

* Paraguay’s central bank (BCP) has released new figures which show that the Paraguayan economy contracted by 3% in the second quarter of 2019, year-on-year. The statement attributes the economic decline to poor performance in the sectors of agriculture, manufacturing, construction, and electricity production although it notes a positive performance by the services sector.

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