The president of Venezuela, Nicolás Maduro, affirmed that his country is heading for growth and diversification of its economy, which aims to become a productive nation.
“Our efforts are aimed at economic growth and diversification. All for a productive and prosperous country that meets the needs of families. No one stops Venezuela!” Maduro said through his Twitter account.
Read also: Check out our coverage on Venezuela
In August, Maduro assured that his country produces 80% of the food it consumes, when previously it imported 90% of it.
In the first quarter of the year, the growth of the economy was 17.4%, according to the Central Bank of Venezuela (BCV). In addition, the main banking entity in the country projected a growth of 18.7% for the second quarter of 2022.
The estimates of international organizations on the economic growth of Venezuela for this year range from five to 20%. 2021 was the first year of economic growth since the so-called war of “North American imperialism” began, according to Maduro.
However, after four years, Venezuela managed to get out of hyperinflation in 2021; this, after spending 12 months with inflation below 50%, according to the BCV.
More than 900 coercive measures weigh on Venezuela, which led to a 99% reduction in its income, as reported by the Government.
With information from Sputnik