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Article: Paraguay improves macroeconomic performance.(economic conditions)
- Article from:
- Market Latin America
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The situation in Paraguay has been so bleak for such a long time that it becomes difficult to think of the country as making any progress at all. But progress is, indeed, what the graph above shows-albeit only in the narrow area of macroeconomic management.
What the graph shows is a marked upward trend in purchasing power not only for the decade but a more sharply accelerated trend over the past five years.
The decade average for growth in purchasing power, using International Monetary Fund (IMF) statistics, is 0.7 percent. This is clearly marginal. For the first five years of the decade, the growth in purchasing power was 0.3 percent compared with 1.1 ...