Brújula Digital: Milenio warns of a decline in the economy and a fiscal deficit above 12% Photo: Social Networks The Milenio Foundation warned of a “risky trend of economic decline” in the country and a “worsening of fiscal, monetary, exchange and financial imbalances.” It considers that the fiscal deficit could be above 12% of GDP…
Tag: macroeconomics
Gov Prints Money to Cover Expenses | Gob imprime billetes para cubrir gastos
El Dia: Economist Suspects Government is Printing Money to Cover Expenses Dunn recommended the public to pay close attention to inflation figures. Two weeks ago, the Minister of Economy warned that inflation could rise and, in any case, it would be imported inflation. Economist Jaime Dunn expressed his suspicions that the government, in order to…
Crisis reflected in the Bolivian economy is not temporary | Crisis reflejada en economía boliviana no es transitoria
From El Diario: Former director of the Central Bank, BCB José Gabriel Espinoza, former director of the Central Bank of Bolivia (BCB), deemed the “crisis” apparent in certain figures of the Bolivian economy as “not temporary,” forecasting that the situation this year will not be better than in 2023. According to data recorded in the…
Bolivia is currently ranked 20th in economic growth | Bolivia en puesto 20 de crecimiento económico
El Diario: Bolivia ranks 20th out of 28 countries in the region, with a projected growth of 1.4%, which is below the growth of Latin America and the Caribbean (LAC) and the regional average of 3.72%, according to the latest report from the World Bank. Luis Fernando Romero Torrejón, the president of the Departmental College…
Dollars and their impact on inflation | Dólares y su impacto en la inflación
Editorial, El Deber: The scarcity of dollars, a phenomenon that has intensified in recent months, directly impacts the prices of products and services, fueling inflation and threatening to erode the purchasing power of Bolivian families. The business sector has been one of the first to feel the effects of the lack of foreign currency. Importers…
Fitch downgrades Bolivia’s rating | Fitch baja la calificación de Bolivia
The Star: Fitch cut the country to CCC from B- after reserves dipped by US$2.1bil last year to just US$1.7bil. — Bloomberg LA PAZ: Bolivia was downgraded further into junk territory by Fitch Ratings, which says falling international reserves threaten the nation’s ability to service its debt. Fitch cut the country to CCC from B-…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 