RIO DE JANEIRO, BRAZIL - Venezuela's economy is poised to grow by as much as 20% in 2022 as a surge in production of crude triggers an eye-popping rebound for the nation's GDP, which saw a dramatic decline amid U.S. sanctions, according to Credit Suisse economist Alberto Rojas.
The analyst added that tax collections in dollar terms in 2022 could see an enormous growth of more than 40%, while the country's imports could expand by over 15%.
Meanwhile, Venezuela will reportedly record a current account surplus of about US$4 billion. The country managed to lower . . .
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