Central Bank projects a 6.2% drop in GDP by 2020

Bolivia’s Central Bank (BCB) projects an economic contraction of 6.2% in 2020. Inflation could be around 1.7%. Monetary incentives to respond to COVID-19 represented 19% of GDP, one of the highest efforts in the region. The BCB warned that the scenario for the coming quarters is a volatile one and difficult to foresee. The exit from the health crisis will demand even greater efforts.

Source: El Deber