Venezuela´s economy to grow by 20 % this year: Credit Suisse

[Bleipriester]

Good news for Venezuela: One of the world´s largest banks expects an economic growth of 20 % in 2022. The economy grew by over 4 % in 2021 already.

Venezuelan Economy to Grow 20% This Year, Credit Suisse Says

Venezuela’s gross domestic product is poised to grow 20% this year as an increase in oil production fuels a dramatic rebound for an economy that cratered just two years ago, Credit Suisse Group AG said Wednesday.

www.bloomberg.com

 

[Hang on Sloopy]

Good news for Venezuela: One of the world´s largest banks expects an economic growth of 20 % in 2022. The economy grew by over 4 % in 2021 already.

Venezuelan Economy to Grow 20% This Year, Credit Suisse Says

Venezuela’s gross domestic product is poised to grow 20% this year as an increase in oil production fuels a dramatic rebound for an economy that cratered just two years ago, Credit Suisse Group AG said Wednesday.

www.bloomberg.com

Their main industry is oil. So that is why. When it tanks again, which it will, they'll be walking to Colombia for diapers and baby formula

WAIT.......That is what is happening here too........Communists should be forcibly rounded up for organ donation

 

[JGalt]

Most of the oil Venezuela exports goes to China, some goes to Cuba.

Now we're going to start importing some too. We communist countries have to stick together, ya know.

 

[Polishprince]

Venezuela has been beaten down by decades of liberalism to a shell of its previous economic self.

Its a lot easier to grow by a big percentage when you are starting from next to nothing.

But the reason is Sleepy Joe- his envoys have gone to Caracas to beg the tyrants there and his new high price of gasoline is directly benefiting them.

 

[Bleipriester]

Venezuela has been beaten down by decades of liberalism to a shell of its previous economic self.

Its a lot easier to grow by a big percentage when you are starting from next to nothing.

But the reason is Sleepy Joe- his envoys have gone to Caracas to beg the tyrants there and his new high price of gasoline is directly benefiting them.

There are no tyrants and no communists.

 

[Gabe Lackmann]

Communists should be forcibly rounded up for organ donation

And fertilizer...sanctions have killed fertilizer imports.

 

[Hang on Sloopy]

And fertilizer...sanctions have killed fertilizer imports.

Thank You. The left overs for fertilizer. Yer really thinking Green. Good job.

 

[Hang on Sloopy]

There are no tyrants and no communists.

What???....I see there are many similarities to your brain and location, for real dude

 

[Gabe Lackmann]

Thank You. The left overs for fertilizer. Yer really thinking Green. Good job.

It's the liberal thing to do.

Think globally, act locally.

Thaaaaaaanks!

 

[Bleipriester]

What???....I see there are many similarities to your brain and location, for real dude

Venezuela has a market economy and freedom, including media freedom.

I can prove that with an example: During the last elections there was a shooting at a polling station. An opposition newspaper "La Verdad" ("The Truth") claims online and visible for everyone:
"Wounded by a firearm at the Ferrer College in San Francisco for wanting to exercise their right to vote, they apparently suspended the process because they know they are lost, as they always use weapons to intimidate, the regime continues to attack."

 

[MarathonMike]

Good news for Venezuela: One of the world´s largest banks expects an economic growth of 20 % in 2022. The economy grew by over 4 % in 2021 already.

Venezuelan Economy to Grow 20% This Year, Credit Suisse Says

Venezuela’s gross domestic product is poised to grow 20% this year as an increase in oil production fuels a dramatic rebound for an economy that cratered just two years ago, Credit Suisse Group AG said Wednesday.

www.bloomberg.com

Kind of like of stock that has plummeted to all-timie lows and then has a dead cat bounce.

 

[Bleipriester]

Kind of like of stock that has plummeted to all-timie lows and then has a dead cat bounce.

I guess the country has successfully dealt with the sanctions imposed on it and is on its way out of the crisis. The measures taken by the Venezuelan government made the country much more independent from the USA.

 

[justoffal]

Their main industry is oil. So that is why. When it tanks again, which it will, they'll be walking to Colombia for diapers and baby formula

WAIT.......That is what is happening here too........Communists should be forcibly rounded up for organ donation

It's a number trap...
When you have 10 cents and you add 10 cents to it....you have an incredible 100% growth!
The bounce off the bottom ( and believe me Venezuela was there) always accrues meaningless percentage growth in its first stages....to be credible it has to measured against healthier economic years....in which case the 4% growth would very quickly become more like a 40% shrinkage. But lefty likes to play those number games.

 

[surada]

Good news for Venezuela: One of the world´s largest banks expects an economic growth of 20 % in 2022. The economy grew by over 4 % in 2021 already.

Venezuelan Economy to Grow 20% This Year, Credit Suisse Says

Venezuela’s gross domestic product is poised to grow 20% this year as an increase in oil production fuels a dramatic rebound for an economy that cratered just two years ago, Credit Suisse Group AG said Wednesday.

www.bloomberg.com

This is great news.

 

[P F Tinmore]

U.S. Puppet Juan Guaidó OUT As Pretend Venezuelan President​

 

[Deplorable Yankee]

Thiers only one way up from the bottom of democratic socialism

 

[Ringo]

I guess the reason Venezuela's economy is doing so poorly has nothing to do with the US and Friends placing 900 sanctions on them and freezing over $22 billion of their assets for the crime of not letting our corporations exploit them for their resources

 

[MarathonMike]

This is great news.

I wonder why MILLIONS of Venezuelans have abandoned that booming economy and illegally immigrated to the US?

 

[Bleipriester]

Economic recovery in Venezuela to sustain in 2023 and 2024, says GlobalData

Venezuela's real GDP is forecast to expand by 5.6% in 2023 and by 5% in 2024, says GlobalData, a leading data and analytics company

www.globaldata.com

 

[surada]

Venezuela has been beaten down by decades of liberalism to a shell of its previous economic self.

Its a lot easier to grow by a big percentage when you are starting from next to nothing.

But the reason is Sleepy Joe- his envoys have gone to Caracas to beg the tyrants there and his new high price of gasoline is directly benefiting them.

Read some history. Crony capitalism brought Venezuela down. They had no middle class. That's why they elected Hugo Chavez. See Petro Caribe.