December 28, 2012

Venezuela’s Economy Grows by 5.5 Percent in 2012

Punto Fijo, December 28th, 2012 ( – Venezuela’s economy grew by 5.5 percent in 2012, fuelled largely by public spending and government housing programs, according to statistics released yesterday by Venezuela’s central bank.

The 5.5 percent growth in gross domestic product makes for 9 consecutive quarters of growth, higher than the 4.8 percent growth reported for 2011, and higher than the 5 percent growth forecast by the government. Read more.


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