CARACAS (Reuters) – Venezuelan President Nicolas Maduro said the Venezuelan economy grew by more than 9 percent in 2024, according to a transcript of an interview published by Mexican media La Jornada on Wednesday.
“In 2023, we had (growth) of 5.5%. And in 2024, according to all scientific, statistical and technical data, we will exceed 9% GDP growth, with a very high level of growth in the real economy,” Maduro told Spanish journalist Ignacio Ramonet. “As well as in the fuel sector.”
In recent years, Venezuela's economy has experienced a prolonged crisis characterized by triple-digit inflation and the exodus of millions of Venezuelans in search of better opportunities elsewhere.
In 2019, the government eased controls on the private sector, allowing informal dollarization, providing a lifeline to key sectors of the economy.
However, analysts believe that this strategy was not enough to achieve a full economic recovery.
The interview with Maduro is scheduled to be broadcast on Venezuelan state television on Wednesday evening.
