LatinNews Daily - 01 August 2018

Bolivia: Bolivia’s economy minister, Mario Guillén, has revealed that accumulated growth in the first quarter of 2018 was 4.44%, driven mainly by four sectors – agriculture (up 6,6%); financial establishments (6.4%); petrol, crude & natural gas (6%); and construction (5.7%). Guillén said that this compared with 3.3% growth in the first quarter of 2017. The minister added that if growth in the second quarter exceeds 4.2%, there should be enough to pay the second annual pay bonus (‘aguinaldo’) for workers. Back in 2013 the government led by President Evo Morales decreed that a second aguinaldo would be payable whenever annual GDP growth exceeds 4.5%.

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