Geopolitics

ECLAC forecasts a contraction of Bolivian GDP to -5.2%.

The Economic Commission for Latin America and the Caribbean (ECLAC) lowered on Wednesday its forecast for the contraction of the Bolivian Gross Domestic Product (GDP) to 5.2% for the current administration. In April, the organization predicted a reduction of 3%. The coronavirus pandemic is not entirely under control in Latin America and the Caribbean, so ECLAC warned that it would lead the regional GDP to contract a historic 9.1% in 2020, a situation that will raise the unemployment rate to 13.5%.

Source: Página Siete