1945

The Paraguayan economy grew barely 1% in 1996, the lowest rate in 10 years, causing al% reduction in per capita GDP. Output of cotton, the country's most important export product, was reduced by a third after a harvest troubled by crop pests and a drop in international prices. Within a context of fiscal balance and exchange rate stability, inflation was knocked down to around 8%, the lowest rate since 1982.

Related Subject(s): Economic and Social Development
Countries: Paraguay
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