Sun, 08/03/2015
Bolivia's fast growing economy fuelled by social spending
The Bolivian government said the Andean nation’s gross domestic product grew US$34 billion last year, establishing it as one of the fastest growing economies in the region, TeleSUR English said on February 17.
Vice-President Alvaro Garcia Linera said that the country’s Social Community Productive Economic Model allowed for the economy to grow, despite a fall in prices for raw materials.
“In 1996 the Bolivian economy accounted for $5.3 billion and by 2005, $9.5 billion dollars,” Garcia said.
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This article by originally appeared on socialismonline.net on March 08, 2015 at 12:04PM