ECLAC projects economic growth of 5 % for Venezuela

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.

📊Do you want to know how much your country will grow in 2023? Check the new economic growth projections delivered today by #ECLAC. #LAC region will mark a slowdown this year in a context of growing uncertainties. All the details in 👉 https://t.co/llDg1LLPf0 pic.twitter.com/oiEXFrnVWt

— ECLAC (@eclac_un) April 20, 2023

M.Pine

Source: confirmado.net

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

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram