Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Okay, let's start a pool on when the sanctions start

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
jpgray Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-04 10:40 PM
Original message
Okay, let's start a pool on when the sanctions start
'Conspires with evil dictatorships' and all that, you know.

Venezuela Economy Up by 30% in First Quarter of 2004

Caracas, Venezuela. May 19 (Venezuelanalysis.com).-
According to preliminary numbers issued by the Central
Bank, the Venezuelan economy grew by 29.8% during the
first quarter of 2004 when compared to the same period last
year.

In the first quarter of 2003, the world fifth biggest oil
exporter suffered the devastating effects of a lock-out, strike
and sabotage of the national oil industry, organized by
opponents of President Hugo Chavez in an unsuccessful
effort to oust him. The opposition's actions caused a historic
GDP drop of 27.8%. Oil-related economic activity dropped
47% during that period.

According to the Central Bank report, in the first quarter of
2004, oil-related economic activity grew by 72.5%, while
non-oil activity increased by 18.9% compared to the same
period last year when it dropped 19.2%. The oil sector
benefited from increased demand of oil and refined products,
as well as the increase in production by private companies
that operate in the country in joint ventures with
Venezuela's state oil company.

The non-oil sector also experienced significant growth.
Manufacturing grew by 48%, construction by 19.5%,
commerce by 27.9% and transportation and warehousing by
25.3%.
Printer Friendly | Permalink |  | Top
Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-04 10:49 PM
Response to Original message
1. I'm waiting for international sanctions against the USA
By our own standards, we certainly ought to be getting them these days. Yes, I know; you and I aren't responsible for the problems. But that hasn't stopped us from slapping sanctions on entire nations, and sooner or later, the rest of the world is going to give us a taste of our own medicine.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri May 03rd 2024, 08:05 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC