skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Country Forecast Venezuela May 2020

Country Forecast. Venezuela, 2020

2020 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;ISSN: 0966-9574 ;EISSN: 2048-9773

Full text available

Citations Cited by
  • Title:
    Country Forecast Venezuela May 2020
  • Subjects: Budget deficits ; Consumption ; Contempt of court ; Coronaviruses ; COVID-19 ; Economic crisis ; Economic forecasts ; Economic recovery ; Economic reform ; Economists ; Foreign exchange rates ; GDP ; Gross Domestic Product ; Hyperinflation ; Infrastructure ; International trade ; Macroeconomics ; Petroleum production ; Politics ; Population growth ; Prices ; Productivity ; Purchasing power ; Purchasing power parity ; Tariffs ; Tax rates ; Volatility ; Wage & price controls
  • Is Part Of: Country Forecast. Venezuela, 2020
  • Description: The opposition led by Juan Guaidó, the leader of the National Assembly, has lost its momentum, while international pressure has reached an impasse. [...]Mr Maduro has managed to exert a strict control over the country's complex security apparatus, which is crucial to maintaining power. Economic outlook 2019 2020 2021 2022 2023 2024 Real GDP growth (%) -36.2 -25.4 2.4 12.4 1.9 0.4 Consumer price inflation (av, %) 17,365 11,301 1,423.1 370.6 227.2 86.1 Budget balance (% of GDP) -28.4 -21.5 -3.9 -3.8 -4.1 -4.1 Current-account balance (% of GDP) 1.2 -2.2 -0.6 6.0 6.4 5.2 3-month Treasury rate (av; %) 110.0 198.8 73.5 35.0 25.4 25.4 Exchange rate BsS:US$1 (av) 13,537 1,337,438 22,299,034 149,076,437 531,814,060 981,467,071 A combination of highly distortionary economic policies and subdued global oil prices will prolong Venezuela's recession in 2020. In 2031-50 we forecast that Venezuela's real GDP growth will pick up to 3.5%, as relative macroeconomic stability-a result of limited economic reforms from future governments-enables non-oil sector growth and boosts labour productivity growth, helping to offset deteriorating demographics. Fact sheet Annual data 2019a Historical averages (%) 2015-19 Population (m) 29.7 Population growth -0.2 GDP (US$ bn; market exchange rate) 117.0 Real GDP growth -19.6 GDP (US$ bn; purchasing power parity) 178.3 Real domestic demand growth -23.1 GDP per head (US$; market exchange rate) 3,932 Inflation 4,215.2 GDP per head (US$; purchasing power parity) 5,994 Current-account balance (% of GDP) 0.8 Exchange rate (av) BsS:US$ 13,537 FDI inflows (% of GDP) 0.6 a Economist Intelligence Unit estimates.
  • Publisher: New York: The Economist Intelligence Unit N.A., Incorporated
  • Language: English
  • Identifier: ISSN: 0966-9574
    EISSN: 2048-9773
  • Source: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait