Macroeconomic Forecast Paraguay

October 2006 | Macroeconomic Forecasts

The accumulated trade deficit for the first eight months of 2006 came in at US$1.93bn, growing by 167.8% y-o-y (up from 54.8% y-o-y for the same time period in 2005). The trade balance has deteriorated substantially since the beginning of 2006, as the deficit rose by 289% y-o-y in Q106 and by 200% y-o-y in Q206. These increases were mainly due to high oil prices and the sharp appreciation of the guarani over the past eight months, which strengthened from PYG6126.70/US$ in January to PYG5368.30/US$ at the beginning of October.

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