Venezuelan President Nicolas Maduroaffirmed this Wednesday that the country’s economy, which is undergoing a remarkable recovery, will grow between 10 and 20 percent in 2022.
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“There are banks in the world, Bank of America, Credit Suisse, Chase Manhattan Bank, ECLAC (Economic Commission for Latin America and the Caribbean) that say that Venezuela is going to grow between 10, 15 or 20 percent, and that’s where the thing,” he said in a televised act.
Likewise, he indicated that the growth is not only registered in the oil sector, although he did not offer details of what the other areas are.
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“Venezuela is growing, it is producing, Venezuela is advancing in a great country projectthe diversified Venezuela,” said the president, who ratified that in the first half of this year there was a “record” growth of the economy, although he did not reveal the figure.
“I can tell you, I am not empowered to give numbers, but I can tell you that they will be impressedyou and the world when you know what the economic growth numbers are for the first half of 2022, record,” he said.
Economic growth in the region
Last April, ECLAC indicated in its growth projections for this year that the economies that will expand the most are Panama (6.3 percent), the Dominican Republic (5.3 percent), Venezuela (5 percent), Colombia (4.8 percent), Guatemala (4.2 percent ), Honduras (4.1 percent), Uruguay (3.9 percent), Costa Rica (3.7 percent), and Bolivia (3.5 percent).
The Central Bank of Venezuela (BCV) It does not publish the figures of economic activity since the first quarter of 2019, when it reported that the Gross Domestic Product (GDP) fell by 26.8 percent compared to the same period in 2018.
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