ECLAC projects economic growth of 5 % for Venezuela

The Economic Commission for Latin America and the Caribbean forecasts that Venezuela's economic growth in 2023 will be 5 %

The economic growth projection for Venezuela this 2023 is estimated at 5 %, according to the recent report by the Economic Commission for Latin America and the Caribbean, ECLAC.

This Thursday, the agency updated the economic growth projections for the region, with a slight positive point for Venezuela, where the advance could be at 5 %, the highest rate of GDP growth for Central and South America.

Venezuela would be followed by Panama and the Dominican Republic, nations with a GDP growth projection of 4.6 %. Then there is Paraguay, with a projection of 4.2 %.

The ECLAC report also foresees that Argentina, Chile and Haiti will be the nations with the lowest economic growth this year, due to the contraction of their GDP of -0.2 %, -0.3 % and -0.7 % respectively.



(Reference image source: Unsplash, in collaboration with Planet Volumes)

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