Latin American Economy & Business - May 2018 (ISSN 1741-7430)

The Paraguayan economy has been growing at a strong average rate of around 6% from 2013-2017. The Central Bank is forecasting 4.5% expansion this year, based on strong soya and beef exports (Paraguay is the world’s fourth-largest soya exporter). Initial indications are that the victory of conservative Mario Abdo Benítez in the presidential elections held on 22 April will signal continuity in both economic policies and results (he is due to take office on 15 August)