Paraguay, Latin America’s growth champion
The country doesn’t have a target for its exchange rate after the guarani lost about 18 percent against the dollar this year and it would be “an economic suicide” to follow the devaluation pace of Brazil, where the currency has depreciated faster, central banker Fernandez also said. “We would be adopting macroeconomic policies that are less robust than ours,” he said. “The exchange rate may make you more competitive for one or two years but things like the labour market, taxes, bureaucracy, energy costs make a country more or less competitive in the longer term.”
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Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone communities of Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate services. Founded by Geoffrey McRae a New Zealander who maintains an active role in the business it has developed into an International team that has a well-deserved reputation for strong local knowledge, experience and professionalism. I hope you enjoy reading our news site. Please share it on your social media below.