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Case For The Defense.pdf

venezuela-2012-09.pdf
Preview of case for the defense
🔗 Source: cepr.net
📊 Size: 946 KB
👤 Author: Mark
⬇️ Downloads: 138

Summary

Venezuela's economy has experienced rapid growth after a severe recession in 2002-2003, with real GDP nearly doubling from 2003 to 2008. Despite predictions of collapse, the economy recovered quickly and has continued to grow, with 4.2% growth in 2011 and 5.6% growth in the first half of 2012. The recovery has been broad-based, with growth in various sectors, including construction, utilities, and manufacturing. Venezuela's debt burden remains relatively low, with a public debt-to-GDP ratio of 45.5% in 2011. The authors argue that Venezuela's economic growth is sustainable and could continue at the current pace or higher for many years, despite pessimistic forecasts from analysts.

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Description

Venezuela's economy has experienced rapid growth after a severe recession in 2002-2003, with real GDP nearly doubling from 2003 to 2008.

Technical Information

  • File Format: PDF
  • File Size: 946 KB
  • Pages: 32
  • Language: EN
  • Author: Mark
  • Total Downloads: 138
  • Last Updated: 2 weeks ago

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