Macroeconomic Forecast Venezuela

Inflation has averaged 26.7% in the first seven months of the year and we have maintained our year-end forecast of 29.0% as we believe the government is unlikely to take the steps needed to curb inflation. We also could see inflation taking off after the October 2012 presidential elections when we expect the government to devalue the official exchange rate. As such we believe inflation will stay high in 2012.

To read the full article, please choose one of the following options: