Venezuela, one of the world’s most sanctioned nations, set for an economic miracle –Credit Suisse

The stage is set for Venezuelan President Nicolas Maduro to find common ground with the U.S. and possibly "rethink" his country's relationship with ally and friend Russia.

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?