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Economy / Paraguay

Macroeconomic Forecast Paraguay

May 2012 | Macroeconomic Forecasts

BMI View: Paraguay's foreign exchange reserves excluding gold reached US$4.8bn in March, according to the International Monetary Fund. As we expect the country's subdued export sector to continue weighing on foreign exchange earnings over the coming quarters, we have downgraded our 2012 foreign exchange reserves forecast for Paraguay to US$4.7bn from US$5.7bn previously.

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