The Paraguayan economy grew 5.8% in the fourth quarter of 2014, reported yesterday by the Central Bank of Paraguay (BCP). The result achieved in the latter part of the year was better compared to previous quarters, explained the technical of the Central Bank in a press conference.
The cumulative expansion last year was 4.4, down from 14.2% in 2013. Regarding the annual GDP growth will be released next week reported technical
The fourth quarter was driven by the performance of services and further expansion of domestic demand. According to the data, the services sector verified whole year expansion of 7% thanks to the good performance of most of its components such as financial intermediation, hotels and restaurants, communications, business services, government sector and transport .
The building remained in the path of growth for the eighth consecutive quarter, with an annual rate of 19.4%. Thus completed a cumulative growth of 14.9% for 2014, the most dynamic sector. The performance of the due to private initiatives sector.
However, in the second half of the year, this activity was underpinned by public investment, which also showed a further boost.
On the demand side, private consumption and government registered a robust growth, while investments grew by 12.3% in the fourth quarter.
The weather forecast for this year BCP points to an economic expansion of 4.5%, despite a less favorable regional context due to falling commodity prices.
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