Venezuela would show an economic growth for 2020
A report prepared by the financial institution Barclays, and summarized by the founding partner of Ecoanalítica Asdrúbal Oliveros, ensures that in the event of a change of government, the outlook would be positive
One of the founders of the firm Ecoanalítica, Asdrúbal Oliveros summarized the quarterly report of the financial services company Barclays, which predicts economic growth for Venezuela in 2020.
“By 2020, according to Barclays, Venezuela would have a new government and these are its estimates: economic growth 22.8%, oil sector 36.1%, oil does not rise 15.2%, fiscal deficit 11.4 GDP points, inflation closing: 797%, official TC (closing) 992,963 Bs / US $,” quoted one of his Tweets.
The report also highlights the current electricity situation in the country, which would have an impact on oil production that could be reduced to 700 thousand b /d.
The value of the assets will continue to lose strength due to the pressure that will be seen in the coming weeks before the drop in oil revenues. “Events accelerated in 1Q19, characterized by the collapse of government revenues, public services and the supply of goods, which indicates that the implosion scenario is in process,” the company said.
The economist indicates that the situation that crosses the Venezuelan government “was unsustainable, and is becoming unmanageable”.
Oliveros said: “We see the current situation in Venezuela as an opportunity not only to re-institutionalize the country, but also to implement reforms which will undoubtedly be a challenge, but that could lead to the greatest expansion cycle of emerging models in the next 5 years.”.
K. Tovar
Source: Panorama
