Economics
Americas’ Economic Winner Is Landlocked Nation Helped by Farming
- Paraguay economy supported by farming, construction, stimulus
- Central bank sees upside bias for 2020 growth outlook
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Paraguay has so far outperformed all main American nations during the pandemic with an economic contraction that has been cushioned by strong results in the agriculture and construction sectors.
The landlocked South American nation recorded a 6.5% decline in gross domestic product in the second quarter from a year ago, the central bank reported on Friday. Farming expanded 17.5% while construction grew 9% in the same period.