The World Bank projects a 1.5% economic growth for Bolivia in 2024.

 The World Bank (WB) projected yesterday that Bolivia will experience a 1.5 percent growth in its Gross Domestic Product (GDP) in 2024 compared to 2023, and a similar percentage for 2025.

Last week, the Minister of Economy, Marcelo Montenegro, mentioned that in this year's economic outlook projections, a GDP growth of 3.71 percent is expected, with an inflation rate of 3.60 percent, public investment up to 4.274 billion dollars, and a negative overall fiscal balance (as a percentage of GDP) of 7.80 percent.

In its latest document titled "Global Economic Prospects," the international organization outlined that in Latin America and the Caribbean, the growth will increase to 2.3 percent this year and 2.5 percent in 2025.

Regarding other countries in the region, the WB estimated that Brazil will grow by 1.5 percent, Chile by 1.8 percent, Argentina by 2.7 percent, Colombia by 1.8 percent, Peru by 2.5 percent, Ecuador by 0.7 percent, Paraguay by 3.8 percent, and Uruguay by 3.2 percent.

In its report, the World Bank projected that global growth will decelerate for the third consecutive year, dropping from 2.6 percent recorded last year to 2.4 percent in 2024, nearly three-quarters of a percentage point below the average of the 2010s decade.