INSUBCONTINENT EXCLUSIVE:
Product (GDP) expanded by 4.6 percent, outpacing the initial 3.8 percent forecast for the year.This robust performance reflects the strength
of various sectors within the Paraguayan economy.The Central Bank of Paraguay (BCP) reported a year-on-year GDP increase of 4.8 percent in
the second quarter of 2024, up from 4.3 percent in the previous quarter
This upward trend indicates a steady economic recovery.Several key sectors contributed to this positive economic outcome
Outperforms 2024 Projections
the electricity generation industry faced challenges, tempering the overall positive economic performance
Agriculture grew by 1.0 percent year-on-year in the second quarter, accumulating a slight 0.6 percent increase for the first half of
2024.The livestock, forestry, fishing, and mining sector showed more substantial growth, recording a 5.4 percent year-on-year
increase.Manufacturing performed well, with a 5.8 percent year-on-year increase in the second quarter.The construction sector demonstrated
Grows 4.6%: Economy Outperforms 2024 ProjectionsServices emerged as a standout performer, registering a 6.2 percent year-on-year increase in
the second quarter and accumulating a robust 5.6 percent growth by the end of the first semester.The electricity and water sector, including
binational entities, faced challenges with an 8.6 percent year-on-year contraction in the second quarter and a 3.7 percent decline over the
