Rapidly increasing agriculture prices helped Paraguay set a new growth record... 15.3% GDP in 2010...following a 3.8% contraction in 2009.
“If the climate is good we can have an extraordinary performance which explains this year’s leap...We started 2010 with an estimate of 6%, later 9%, then 14% and now 15.3%, which anyhow we will review next month”, said an official.
Paraguay is the world's No. 4 soybean exporter and important beef seller.
Its central bank forecasts 2011 growth of... 4%.