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Economy & Business - February 2020

BOLIVIA: Economy faces ongoing challenges in 2020

According to a report published by the World Bank on 8 January 2020, although economic growth in Bolivia slowed dramatically in late 2019 amid social unrest following the October general election and subsequent resignation of former president Evo Morales (2006-2019) in November, the outlook for 2020 is tentatively positive. Current estimates are for economic growth of 3% in Bolivia in 2020, 3.2% in 2021, and 3.4% in 2022. This rate is above the predicted average for Latin America and the Caribbean of 1.8%, as well as above the predicted global growth rate of 2.5% for 2020.

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