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Paraguay has one of the fastest growing economies in the world

  Paraguay new president, the tobacco magnate Horacio Cartes, admits to having an “obsession”: his country’s economic growth rates. Certainly, they are impressive. Paraguay’s double-digit growth this year will make it one of the fastest expanding economies in the world. But Cartes, who was elected president in April, told Bloomberg that his government would like to see 7 to 8 per cent annual growth “on a permanent basis”. This would be achieved by ploughing $2.5bn in public and private investment…