Economy / Venezuela
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Private Sector Running For The Hills
August 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Venezuelan economy expanded by an impressive 7.1% y-o-y in Q208, rebounding from 4.9% in Q108, suggesting that the effects of high inflation and mounting economic distortions are yet to take effect. However, economic growth is almost entirely down to the public sector, with private sector output suffering as a result. We see real GDP growth coming in at 5.8% this year, but falling to 2.5% in 2009.