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President Evo Morales' governing party has suffered serious setbacks in local and regional elections in Bolivia, with unofficial results showing it losing the capital of La Paz and several key governorships.
Unofficial quick count results of Sunday's vote compiled for three broadcast networks showed Morales Movement Toward Socialism absorbing the biggest blow in La Paz, where it lost the regional governor's office as well as the mayor's seat in El Alto, the capital's poorer sister city.
The March report from the National Association for Business Economics forecasts more hiring, a lower unemployment rate, a lower inflation rate and more growth in consumer spending in 2015, compared to the group's forecast December 2014.
Healthier consumer spending, housing investment and government spending growth are expected to make outsized contributions to the projected acceleration in overall economic activity.
 recent labor market strength is expected to continue, John Silvia, the association's president and the chief economist at Wells Fargo, said in a statement.
Other factors driving the improved forecast include an increased pace of activity in the housing sector, the strong dollar and continued low oil prices.