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 this year in Venezuela.

Alvarado expressed: “The economic incentives appeared; a market economy appeared, the productivity and the lifting of price control and exchange control, made many economic activities’ breath after so much time of restriction.”

It is evident that with the current Venezuelan environment there will be economic growth in the country during 2022, after “such a big collapse, especially in 2019, and also as a result of all the isolation that Venezuela had, the economy was somewhat liberalized.”

International organizations such as ECLAC, multilateral entities, as well as private firms and investment banks are making projections on economic growth and affirm that the “economy is going to grow this year.”

For the member of the Venezuelan Observatory of Finance, from a technical point of view the appropriate term is “economic growth” and not recovery. “If measured with respect to years prior to the pandemic, there is none, nor is there any with respect to the year 2012. -2013, which is the maximum GDP achieved by Venezuela.”

M. Rodríguez

Source: finanzasdigital.com

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