Economy in Paraguay

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Paraguay are flooding across the border into Argentina

    ARGENTINA, 2013/05/01  Latin Americans are not the type to pass on a bargain, particularly if it’s being offered by a neighbor. This is why Paraguay has been mercilessly milking amount it can from the depreciation of the Argentine peso. This can be seen in the exchange rate between the two currencies – but as well in the cross-border shopping trips that Paraguayans have been massively indulging in.

  • The Community of Latinamerican and Caribbean states summit

    CHILE, 2013/01/28 “Paraguay has decided that given the situation it is undergoing, it has preferred to remain away from Santiago”, informed Chilean Foreign minister (and host) Alfredo Moreno in the framework of the European Union and the Community of Latinamerican and Caribbean states summit taking place over the weekend in Santiago.

  • Mercosur suspends Paraguay over Lugo impeachment 2012-07-02

    PARAGUAY, 2012/07/02 The Mercosur trade bloc has suspended Paraguay over the impeachment of President Fernando Lugo on 22 June.   The presidents of Argentina, Brazil and Uruguay said Paraguay would remain outside the bloc until the next presidential election in April. But at the end of a two-day summit in Argentina they decided not to impose sanctions on Paraguay. They also announced that Venezuela would now become a full member of Mercosur. Venezuela's application to join the Mercosur as a permanent member had been approved by the bloc's three other members, but blocked by the Paraguayan congress.

  • Multilatinas Extend Reach Into Developed Markets 2011-06-23

    ARGENTINA, 2011/06/23 According to a May statement by the United Nations Economic Commission on Latin America and the Caribbean (ECLAC), outgoing FDI from the region quadrupled to $43.1 billion, highlighting the growing strength and world presence of Latin America–based multinational companies, known as “Multilatinas.”
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