Calixto Ortega Sánchez, president of the Central Bank of Venezuela (BCV), assured this Monday that in the first quarter of this year the national economy grew 17.04%, although he was referring specifically to what Chavismo calls the “real economy” or ” Real GDP”, a category that excludes the oil sector and focuses on the private sector.
In addition, the official estimated a growth of “real gross domestic product” of 18.07% for the second quarter. Despite the fact that the second quarter of 2022 has already closed, the president of the BCV did not offer the definitive statistics.
Ortega Sánchez reports on the growth of the “real economy”
The official He also stated that Venezuela has four consecutive quarters registering double-digit growth, including the second quarter of 2022 for which he only showed projections. These data were made public at a meeting of the so-called “National Council of Productive Economy”, together with Nicolás Maduro and Delcy Rodríguez.
According to a graph that he showed, in the third quarter of 2021 the Venezuelan economy grew 14.65%, while in the fourth quarter of that year it had an increase of 19.07%. These increases refer to the variation compared to the same periods of the previous year.
For his part, Nicolás Maduro highlighted that the Economic Commission for Latin America and the Caribbean (ECLAC) projects economic growth for Venezuela of between 5% and 10% by the end of 2022.
“Good news for the country, record growth in the region, growth in the real economy,” he said.
#FACT | In the first quarter of 2022, Venezuela experienced an economic growth of 17.04% and for the second quarter of 2022 a growth of 18.07% is projected, detailed the president of the @BCV_ORG_VECalixto Ortega pic.twitter.com/rqrRPQcvKX
— Presidential Press (@PresidentialVen) August 23, 2022
#Now President @NicolasMaduro: This has been the economic growth of Venezuela in the last 4 quarters #23Aug#VenezuelaSeRespect pic.twitter.com/Jwnr3hraP1
– Alfred Nazareth (@luchaalmada) August 23, 2022
