Day: Oct 10, 2019

World Bank estimates 3.9% of GDP Growth for Bolivia

The World Bank (WB) published its latest biannual report “Latin America and the Caribbean: Trade integration as a path to development?” where it estimates a 3.9% Gross Domestic Product (GDP) growth for Bolivia as well as predicts slow growth for the region. According to the WB, the “disappointing” performance is partly due to the three largest economies in the region experiencing challenging times. In fact, Argentina is in an economic crisis, Brazil is coming out of recession and Mexico is suffering from an economic slowdown. According to the BM projections, Bolivia will present the highest level of growth, followed by Colombia with 3.3%; Chile 2.5%, Brazil 0.9%, while Argentina has a decrease of -3.1% as does Ecuador -0.1% of its GDP.