Ángel Alvarado, economist and member of the Venezuelan Finance Observatory, stressed that the incentives that are being granted to the market, together with oil prices rise and the increase in the number of exports that are being developed, are the factors that allow forecasting economic growth for…
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GDP
GDP decreases and inflation increases in Germany
The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow…
China’s GDP showed a growth of 4.8 %
The Gross Domestic Product (GDP) of China registered a growth of 4.8 % in the first quarter of 2022 compared to the same period of the previous year. It represents an acceleration of eight tenths compared to the year-on-year expansion…
Colombian economy will grow 6 % in 2022
International organizations such as the World Bank and the International Monetary Fund published their estimates of economic growth for Latin American countries, where Colombia stands out with growth in the order of between 4 % and 6 % by…
BM estimates growth in Latin America at 2.3%
The World Bank lowered the estimate for GDP growth in Latin America and the Caribbean for this year by about 0.4 points, to 2.3%, as a result of higher inflationary pressures derived from the war between Russia and Ukraine.
In a new…
Venezuelan Gross Domestic Product will grow 20 % in 2022
Credit Suisse, a financial services firm, pointed out that they estimate a growth of the real Venezuelan Gross Domestic Product (GDP) in the order of 20 % for this year, when the previous projection was 4.5 %, as a consequence of the…
Bank of England raises rates a quarter point
The Monetary Policy Committee of the Bank of England decided to increase, for the third consecutive time, the reference interest rate for operations by 25 basis points, going to 0.75 %. The decision was approved with votes in favor against…
The IMF forecasts that Peru’s economy will grow by 3 % in 2022
The International Monetary Fund (IMF) estimates that Peru's GDP will grow by 3 % in 2022, after having rebounded by 13.3 % in 2021 after the historical collapse of 11 % in 2020.
In the conclusion of Article IV on the Andean country, the…
Japan’s GDP experienced growth of 1.7%
Japan's Gross Domestic Product (GDP) expanded by 1.7 % in 2021, compared to 4.5 % contraction in 2020 and a 0.2% drop in activity in 2019, according to published data by the Japanese government.
The growth of the indicator in 2021 as a…
UK GDP increased by 7.5%
The Gross Domestic Product (GDP) of the United Kingdom grew by 7.5 % in 2021, thus registering the highest rate of expansion among the main advanced economies, after having suffered a contraction of 9.4 % in 2020, according to published…
The Gross Domestic Product of Mexico grew by 5 % in 2021
The Gross Domestic Product (GDP) of Mexico experienced a growth of 5 % in 2021 compared to the previous year, according to preliminary estimates from the National Institute of Statistics and Geography (Inegi), falling below the forecasts of…
Gross domestic product of the United States rises 0.6 %
The Gross Domestic Product (GDP) of the United States in the third quarter of 2021 experienced an increase of 0.6% compared to the previous three months, which represents an upward revision of one tenth compared to the previous estimate of…