The Venezuelan economy is currently
contracting at a rate of nearly 10% and suffering its worst recession since the
1940s due to the oil price shock and economic mismanagement, said Capital
Economics in a report. Official GDP data has not been published since 3Q14 and
inflation figures were last released in December. Capital Economics' GDP
Tracker has calculated the country's economic growth at nearly -10%. The
tracker takes into account oil, construction, manufacturing and consumer
spending information, as well as the few official indicators available, and
on-the-ground private sector estimates. More…
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