LatinNews Daily - 28 July 2021

In brief: Paraguay’s central bank revises up GDP forecast

* Paraguay’s central bank (BCP) has published its June 2021 monetary policy report, in which it revised up its forecast for Paraguay’s GDP for 2021 to 4.5%, compared to the 3.5% growth that it forecast in March. It attributed this change to a “better-than-expected economic performance”, citing the construction, livestock and manufacturing sectors in particular. It also notes a “favourable change in the health situation”, with a “significant brake” on the curve of new coronavirus (Covid-19) infections and “notable progress in the vaccination process as of the start of July”.

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