Inflation of Venezuela Would Be 483%, According to Oxford Economics Estimates

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The British economic advisory firm, Oxford Economics, estimated in a report that Venezuela’s Gross Domestic Product (GDP) will close by 6% this year and 4.2% in 2026. The financial advisory company highlighted that Venezuela’s economy is showing a “low recovery”, thanks to the increase in oil production and the increase in [...] The Oxford Economics entry predicts that Venezuela’s economy will grow 6% in 2025 and 4.2% in 2026 was first published…

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The Venezuelan economy shows slight signs of recovery, driven by the increase in oil production and by the decision of the United States to maintain Chevron's operating license, according to an Oxford Economics report.It also contributed to the arrival of chemical thinners from Russia, which allowed to sustain the activity of the energy sector.In this context, the consultant raised her projections and estimates a GDP growth of 6% in 2025 and 4.2…