Download or read book Paraguay written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2024-07 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paraguay's economy had a strong year in 2023, growing 4.7 percent. Growth this year continues to be led by robust agricultural production, exports, and high electricity generation. Monetary policy was adjusted timely to rapidly falling inflation and is now approaching a neutral stance. The fiscal position deteriorated but consolidation has started. The external current account is expected to stay close to balance. Banks remain profitable and well provisioned.