Growth for the Venezuelan economy would be transitory, according to ECLAC estimates, which projects 3% for 2026. The organization projected an expansion of the GDP of Latin America and the Caribbean of 2.3% for 2026, noting that there is a “dynamic of low growth” in an international context that “is still uncertain.”
The Economic Commission for Latin America and the Caribbean (ECLAC) revised its growth estimate for Venezuela and now foresees an expansion of 6.5%, slightly higher than the 6% it had forecast in its report from October of this year.
Growth for the Venezuelan economy would be transitory, according to ECLAC estimates, which projects 3% for 2026. This is due to structural problems such as low investment, external restrictions, institutional fragility and an operating environment conditioned by sanctions and macroeconomic volatility.
For the region, ECLAC maintains its Gross Domestic Product (GDP) growth forecast for 2025 at 2.4%, slightly higher than the 2.3% observed last year.
For its part, the forecasts of the International Monetary Fund (IMF) are even more conservative in the Venezuelan case. The institution estimates that Venezuela will grow 0.5% in 2025 and that the economy will contract 3% again in 2026.
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ECLAC estimates an expansion of the GDP of Latin America and the Caribbean of 2.3% for 2026, noting that there is a “dynamic of low growth” in an international context that “is still uncertain.”
With these indicators “a four-year sequence would be completed with rates close to 2.3%, which confirms the fact that the region continues in a trap of low capacity to grow,” ECLAC said in its report presented this Tuesday at its headquarters in Santiago de Chile.
As a result of the “trap” of low growth, “today’s GDP per capita in the region is slightly higher than that of 10 years ago, poverty has stopped its rate of reduction, there is a low rate of job creation and the trend towards reducing informality has also stopped,” he told the EFE agency the executive secretary of ECLAC, Manuel Salazar-Xirinachs.
“More ambitious productive development policies are necessary, especially today under the new conditions of geoeconomic rivalry, combined with macroeconomic policies that mobilize more resources for growth, innovation, economic diversification, productive transformation and the creation of quality jobs,” the official stressed.
With information from Digital Finance
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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