Macroeconomy/Finance

Falling international oil prices will affect income and consumption in Bolivia

The fall in the international price of oil will undoubtedly reach the country, affecting foreign currency income, domestic consumption and will force the State to be more austere in its public spending. In 2019, Bolivian exports amounted to $8.75 billion, 2% less than in 2018, and the volume exported also fell by 12%.

Source: El Deber