Investor report: Paraguay

Investor report: Paraguay

Paraguay

In 2013, Paraguay is set to be the fastest-expanding economy in South America, with growth likely to clock in at 13% of GDP, according to its central bank. But that follows a contraction of 1.2% in 2012, and underscores the deep cyclical swings in the country’s performance. The economy is hugely dependent on the price of agricultural commodities. As we explore, that needs to change for the country to smooth its sharp cycles. Horacio Cartes, who took over as president in August, hopes to transform the country’s economic trajectory. The businessman is new to politics and has brought with him a cabinet of similar political novices. He represents a fresh face for the Colorado Party, which ha

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