Bolivia Economic Outlook
January 15, 2019The latest data suggests the economy maintained a strong pace in the second half of 2018, fueled by resilient household spending, as reduced inflation and a stable inflow of remittances likely benefited consumers in the last two quarters. Moreover, a year-end surge in natural gas prices is seen bolstering exports gains. On the political front, policymakers slashed government spending in the second half of 2018 as part of efforts to curtail the fiscal deficit; spending could ramp-up, however, in the run-up to October’s presidential election as President Evo Morales seeks a fourth term.
Bolivia Economic GrowthGrowth is set to remain among the fastest in the region in 2019, supported by solid domestic dynamics and despite cooling external gains. Household spending is seen underpinning momentum, amid rising wages, sustained remittances and currency stability. In less positive news, exports are expected to decelerate in the beginning of the year, amid the subsequent retreat of natural gas prices after a late-year soar. Met the why particular panelists project the economy to expand 4.4% in 2019, unchanged from last month’s estimate, and 4.0% in 2020.
Bolivia Economy Data
5 years of Bolivia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6.94||-0.14 %||Jan 21|
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