Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Bacchus4.0

(6,837 posts)
Thu Jul 25, 2013, 10:07 AM Jul 2013

Economic growth in Venezuela at 1% for 2013

http://el-carabobeno.com/portada/articulo/63397/crecimiento-econmico-de-venezuela-se-ubicar-en-1-en-2013

Growth estimated by Cepal will be at the bottom of latin american and caribbean countries. Average for region is projected at 3%.




El crecimiento económico de Venezuela este año se ubicará por debajo estimado para los países de América Latina y el Caribe, según el más reciente informe de la Cepal divulgado este miércoles en Santiago de Chile.

En Venezuela, se estima que el crecimiento del Producto Interno Bruto (PIB) se ubique en 1%, es decir, 4,6% menos que en el año 2012 (5,6%). El informe de la Cepal establece que hubo una desaceleración en el crecimiento económico debido al fallecimiento del presidente Hugo Chávez, quien murió el pasado 5 de marzo, y la realización de elecciones presidenciales el 14 de abril.

El Estudio Económico de América Latina y el Caribe 2013, establece que debido a la baja expansión de Brasil y México se registrará un crecimiento en conjunto en la región de 3% para este año, aunque estiman una recuperación para el año 2014.

"Las perspectivas para el próximo año son de un mayor ritmo de crecimiento económico. Pese a la sostenida recesión que se registra en 2013 en las economías de la zona del euro, se espera que los países en desarrollo continúen siendo los impulsores del crecimiento económico mundial", dijo la Cepal.

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Economic growth in Venezuela at 1% for 2013 (Original Post) Bacchus4.0 Jul 2013 OP
Economic Growth for the U.S. Is 1% so whats your point? bahrbearian Jul 2013 #1
that the economic growth in Ven sucks. The US growth is projected at about 2% n/t Bacchus4.0 Jul 2013 #2
The 1st quarter of this year it was .4% this quarter its 1.8% bahrbearian Jul 2013 #3
thats better than Venezuela's projection isn't it?? n/t Bacchus4.0 Jul 2013 #4
Because 1 % growth is very bad news Socialistlemur Jul 2013 #5
Ven is sinking fast n/t Bacchus4.0 Jul 2013 #6

Socialistlemur

(770 posts)
5. Because 1 % growth is very bad news
Thu Jul 25, 2013, 10:41 AM
Jul 2013

1% economic growth is very bad news for the Venezuelan government because it just came off a disputed election and is ignoring the fact that about half the population is opposed to its policies. Its Latin American peers tend to show predicted growth in excess of 3%. Don't forget population increases therefore 1% growth means a drop in per capita GDP. Furthermore, other sources predict growth will be at best o.2%. Given what I see in the exchange rate market and the loss of oil production capacity I would bet it will be negative for the year. In other words, Venezuela is experiencing recession coupled to 30 to 40 % inflation and this tells us economic management is very poor.

Finally I'd like to mention economic growth in the USA is 2% and this is very good news. A country like the USA has a very developed and sophisticated economy, it's not really useful to compare the richest country in the world to a mismanaged undeveloped nation. I'd compare it to say Colombia, which is next door.

Latest Discussions»Region Forums»Latin America»Economic growth in Venezu...