Venezuela: Economy Stagnate

Posted on April 22, 2013 • Filed under: Business, Economy, Venezuela

According to the IMF, estimated inflation sits at 27.3%, much higher than the 14% to 16% official target originally set by the National Government for this year. The national economy freezes. The International Monetary Fund (IMF) lowered to 0.1% its estimate of Venezuela’s economic growth for the year, originally set at 3.3%. Based on its analysis, the organization found that Venezuela is a “notable exception” within Latin America, which is expected to grow 3.4% on average. Read Article

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