Macroeconomy/Finance

Economic growth in Bolivia lowers its forecast to 2.5%

The National Chamber of Commerce (CNC) lowered the growth forecast of the Bolivian economy for this year, from 3.5% to between 2% and 2.5%, due to the global economic recession caused by the effects of the Covid-19, which affects the prices of raw materials. It anticipates that inflation will increase above 3%, higher than in 2019, which reached 1.47%.

Source: El Diario