#ECLAC: Bolivia to Lead Regional Economic Growth

La Paz, For the fourth consecutive year, Bolivia will lead the growth of the Gross Domestic Product (GDP) in South America in 2017, according to the Economic Commission for Latin America and the Caribbean (ECLAC) projections published here today.

According to the ECLAC, the Bolivian GDP will be four percent, although the Ministry of Economy of this country predicts 4.7.

According to the UN agency, Paraguay ranks second with (3.8), followed by Peru (3.5), Colombia (2.4), Uruguay (2), Argentina (2), Chile (1.5), Ecuador (0.6) and Brazil (0.4).

The ECLAC forecasts for Bolivia are similar to those of the International Monetary Fund, which also predicted four percent.

Last year, the economy of the Amazonian Andean nation broke the IMF’s forecasts of growth with a 4.3 percent, compared to 3.7 projected by the IMF.

The activities that had the greatest impact on this increase were the manufacturing industry, financial establishments, insurance, real estate, transport, and storage.

Electricity, gas and water sectors, metallic and non-metallic minerals, commerce, communications, and agriculture, among others, also influenced this economic growth.

According to the Minister of Economy and Finance, Luis Arce, the dynamism registered in the first three months of 2017 indicates that the country is on the right track.

‘Unlike the problems in neighboring countries, where there is a slowdown and a lot of inflation, Bolivia faces very well the fall in international prices and here we haven’t felt the international crisis,’ the minister said.

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