ASUNCION, June 6 (Reuters) - Paraguay’s economic output grew 6.6 percent year over year in the first quarter of 2017 and grew 3.4 percent compared with the fourth quarter of last year, central bank officials told a news conference on Tuesday.
The figures were in line with the bank’s expectation for 4.2 percent growth in full-year 2017. First quarter growth was propelled by commerce, services, industrial manufacturing and construction, according to central bank data.
Some private economists estimate the country, the world’s fourth-largest soy exporter and a substantial beef producer, could grow 5 percent this year, one of the highest rates in the region.
“As we draw up our forecast for the year, we have an upward bias,” the...