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Bolivia's 2014 growth estimate higher than 5.7%

Staff writer |
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.

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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.


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