INE reports economic growth of 0.6% in the first quarter

The National Institute of Statistics (INE) presented the report of national economic performance, among which stands outgrowth of 0.6% of Gross Domestic Product (GDP) to the first quarter of 2020. The Economic Commission for Latin America and the Caribbean (ECLAC) warned yesterday that countries dependent on mining, gas (which includes Bolivia) and oil exports had a substantial drop of 25.8%. The report points out that international trade in Latin America and the Caribbean could fall 23% in 2020 due to the impact of the coronavirus pandemic, which will also cause a decline in imports from the region.

Source: Los Tiempos