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Bolivia economy grows 3.8 percent in third quarter


Reuters

LA PAZ, Dec 29 (Reuters) - Bolivia's economy grew 3.8 percent in the third quarter of 2017 from a year earlier, the economy minister said on Friday, as expansion in agriculture, construction and services helped compensate for weak natural gas sales to neighboring Brazil.

The small Andean country's economy depends on shipments of natural gas to Brazil and Argentina, South America'sNo. 1 and No. 2 economies, respectively. Brazil, still recovering from a deep recession, reduced its purchases of Bolivian gas to less than half of the volume stipulated in the sales contract, data from the Hydrocarbon Ministry show.

"Our internal dynamics are bringing results, which has allowed us to survive external shocks," Economy Minister Mario Guillén said in an interview on state television. "Brazil has not yet finished its recovery and it has bought less gas from us this year."




This article appears in: Politics , Stocks , World Markets , Economy


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