economic activity. Growth is projected to remain healthy in the near term, but trend growth may decline as the rapid financial …

Requests for Waiver and Modifications of Performance Criteria. Paraguay’s economy has stabilized in 2004, but growth remains … modest. A late season drought depressed output of soy, the largest export crop, reducing expected agricultural output growth …

. After four years of strong activity, annual growth has slowed sharply, from a peak of about 12 percent in 2004 to 3 percent …

This 2007 Article IV Consultation highlights that a modest recovery is finally under way in Portugal. Growth rose to 1 ….3 percent in 2006, led by strong external demand, which is driving a notable rebound in export growth. In response, corporate … investment shows signs of strengthening, but overall domestic demand remains relatively weak. Real GDP growth is projected to …

policies. The growth rate of real GNP per capita continues to be one of the highest among advanced economies and the … unemployment rate one of the lowest. However, in recent years, economic growth became more reliant on house building, and … wage growth. The banking system continues to perform well, but rapid credit growth has led to vulnerabilities …

crisis. Output growth has rebounded, reaching 4 percent in 2006, and it is expected to remain above trend in 2007. The …