Tag: Carlos Carvallo

• Monday, May 5th 2025 - 10:46 UTC

  Paraguay's BCP announces overoptimistic GDP projection

  

  Despite many experts believing otherwise, Paraguay's Central Bank (BCP) has raised its GDP growth projection for 2025 from 3.8% to 4% amid geopolitical tensions and potential trade wars. BCP President Carlos Carvallo defended the adjustment, citing strong economic performance and advanced data showing better-than-expected dynamics in several sectors, except agriculture, which was impacted by drought-affected soybean production.

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• Wednesday, December 13th 2023 - 10:41 UTC

  Paraguay's growth projected at 3.8% for 2024

  

  Paraguay's economy is expected to grow 3.8% in 2024, according to a report from the South American country's Central Bank (BCP) released Tuesday in Asunción. The document also pointed out it would be the highest economic growth in the region next year.