
Bolivia will achieve an inflation rate lower than 5.5 percent and an economic growth higher than 5.7 percent in 2014, the country's central bank said on Sunday.
Marcelo Zabalaga, president of the bank, said here in a press conference that these estimations resulted from the latest inflation figures, which were within the estimations made at the beginning of the year.
"Bolivia will be an economy that will grow faster than others in the Latin American region. Most certainly we will be at the same level as Peru," said Zabalaga.
Zabalaga's statements came after the price rise of several basic products such as meat, sugar, and dairy. According to Bolivia's National Statistics Institute (INE), inflation rate by May had reached 1.82 percent.
Zabalaga explained that Bolivia's economic growth in 2014 would be higher compared with other countries which had suffered from the effects of the world economic crisis, due to the "economic policy" taken by the government to shield the country from these effects. Zabalaga added that the country reported growing investments.
"We hope that by the end of the year we will achieve low inflation and high growth," he said.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor