Keys & Trends Report - 2020-09-20

  • The kidnapping of former vice president Oscar Denis by the Paraguayan People's Army (EPP) imposed a change in the country's situation, temporarily displacing the COVID-19 pandemic and its economic consequences. In addition to the uncertainty that the pandemic has already imposed on the lives of people, there is a growing sense of lawlessness, now exacerbated by the first abduction of a national political leader.
  • The impact of the pandemic continues to increase, with increasing numbers of deaths and contagion. The economic impact is varied, with sectors almost completely paralyzed and others (agriculture, livestock, construction) operating almost normally. 
  • The emergency measures taken, and the initial impetus of the Ñapua Paraguay recovery plan, have had a palliative but insufficient effect to compensate for the recessive impact, especially that on border trade and the many activities in the services sector. 
  • Projections for the year indicate that the country will continue to be in recession, although there may be a lower-than-originally-projected GDP decline.
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