Venezuela’s economy will be marked by inflation and the exchange rate in 2025

In a forum held by the Venezuelan Finance Observatory, with the participation of specialists and academics, the economic scenario for the country in 2025 was analyzed, with projections of a scenario marked by inflation and the exchange rate.

The specialists “agreed that 2025 will be a complicated year for Venezuela in economic matters with very modest growth and a rise in the exchange rate and inflation that will again impact the purchasing power of citizens.”

The president of the Academy of Economic and Social Sciences, Dr. Leonardo Vera, and the director of the School of Economics at the University of Carabobo, Ana Isabel Belmonte, presented the scenarios that Venezuela could face next year.

They stressed that 2025 will be complicated for Venezuela. The last quarter of 2024 “presents a difficult situation, on the one hand there is the political climate and on the other hand the breakdown of the exchange rate anchor regime, which apparently they are modifying for another type of exchange rate policy,” according to Vera.

Belmonte argued that “the policies to control inflation in recent years have sacrificed national economic growth, and this slowdown in the last quarter of 2024 is a negative consequence of this scheme.”

Added to all this is the issue of the parity of the official and parallel exchange rates as well as the downward trend in the price of oil.

Both Leonardo Vera and Ana Isabel Belmonte see 2025 with slow economic growth, or very limited, and an increase in inflation above 60 %.

M.Pino

Source: cronicauno

(Reference image source: Frederick Warren on Unsplash)

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