Macroeconomy/Finance

Government sees GDP contraction of 5.9%, its lowest level ever

The Government estimates that the country’s Gross Domestic Product (GDP) will contract by 5.9% by the end of the year, the lowest level in the country’s history, due to the adverse effects of the Covid-19 pandemic. The Central Bank of Bolivia (BCB) indicated that cumulative inflation to May was 1.2% and expected to remain below the expected margin of 3.4% until year-end.

Source: Página Siete