Bolivia´s GDP will contract 0.3%

Bolivia´s 2020 real GDP will be –0.3% y-o-y, from 1.5% previously, down from an estimated 2.7% expansion in 2019. Risks lean to the downside, particularly if the Covid-19 pandemic extends beyond our current expectations or if domestic political unrest re-emerges in Bolivia in the coming quarters.

5.2 million jobs at risk due to COVID – 19

One million formal jobs and 4.2 million informal jobs in Bolivia are at risk due to the crisis caused by COVID-19, according to the Inter-American Development Bank (IDB). In a scenario of uncertainty, the IDB proposes three possible scenarios for job losses, depending on how long the pandemic and the economic crisis associated with it spread. In any of the three cases, trade, gastronomy, hotels, transport and manufacturing are the most affected sectors.