LatinNews Daily - 27 October 2020

*Paraguay’s Finance Minister Benigno López has expressed optimism that Paraguay’s GDP will contract less than the 3.5% currently predicted by Paraguay’s central bank (BCP) - a figure which is already one of the smallest contractions expected in the region. Speaking during a videoconference, deputy economy minister Oscar Llamosas stated that the worst months of economic decline due to the coronavirus (Covid-19) pandemic were over, and that recent, comparatively favourable figures allowed for a “moderate optimism”. The BCP is due to publish revised economic figures in coming days. BCP president José Cantero, who also took part in the videoconference, attributed these more hopeful predictions to the success of the finance ministry’s pandemic recovery plan, ‘Ñapu’ã Paraguay’, which was introduced in June and hailed as the most ambitious contracyclical plan in the country’s recent history.

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