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Venezuelan President Maduro Claims Over 9% Economic Growth for 2024

share-iconWednesday, January 01 comment-icon2 weeks ago 6 views
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reutersREUTERS
Venezuelan President Maduro Claims Over 9% Economic Growth for 2024

Credited from: REUTERS

  • Venezuela's economy is projected to grow by over 9% in 2024, according to President Nicolás Maduro, as reported in a recent interview.
  • In 2023, growth was recorded at 5.5%, indicating an upward trend in the nation’s gross domestic product.
  • Maduro highlighted a significant rise in the real economy and the hydrocarbons sector contributing to this growth.
  • The country has struggled with triple-digit inflation and a mass exodus of citizens in search of better opportunities.
  • Though economic reforms, including informal dollarization, have been implemented, analysts argue these measures have not fully revitalized the economy.
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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