Global turmoil, including Russia’s war in Ukraine and conflict in the Middle East, continue to disrupt financial, food and energy markets. But despite the ongoing uncertainty, policymakers should not lose sight of the reforms and investments needed to ensure sustainable and inclusive growth for their economies.
In Latin America and the Caribbean, where expectations are muted, Paraguay has recorded much higher economic growth than its regional peers thanks to clear and long-term policy commitments. The World Bank forecasts a 3.8 per cent GDP growth for Paraguay for 2024, compared with 2.3 per cent for the wider region, mirroring the country’s overperformance last year.
