Growth Story Set To Continue

While we still expect private consumption and fixed investment to drive Paraguayan growth over coming years, gradually diversifying the economy away from agriculture, we believe high base effects from 2010's record 15.3% real GDP growth are likely to lead to a moderation of growth in 2011. Therefore, we have revised down our Paraguayan 2011 real GDP growth forecast, from 7.5% to 6.3%.

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