Venezuelan economy will grow 3.2% by the end of 2024, according to experts

Despite growth expectations, the Venezuelan Finance Observatory warns of moderate economic growth for Venezuela in 2024

The recent study by the Venezuelan Finance Observatory (OVF) shed light on the country's economic prospects for the end of 2024 with moderate economic growth that has a GDP growth projection of 0.2% and growth in economic activity of 3.2%, according to the survey of experts that the (OVF) recently conducted on its official website.

With this survey, the non-governmental organization managed to compile an overview of the projections regarding inflation, economic growth and exchange rate. The recent study by the Venezuelan Finance Observatory (OVF) shed light on the country's economic outlook for the end of 2024 with moderate economic growth that has a GDP increase projection of 0.2% and a growth in economic activity of 3.2%, according to the survey of experts that the (OVF) recently conducted on its official website.

With this survey, the non-governmental organization managed to compile an overview of the projections regarding inflation, economic growth and exchange rate. The exchange rate, for its part, is projected to depreciate slightly (-5 Bs/$) by the end of the year. However, it is important to note that expectations regarding the exchange rate are highly volatile and can be influenced by a variety of factors, both internal and external.

Methodology and important considerations

It is crucial to keep in mind that economic projections are, by nature, uncertain.

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