UNDP Venezuela’s team of UNDP
The Office in Venezuela of the United Nations Development Program (UNDP) provides for a 5.8% growth for the country’s economy in 2025, although it warns that this progress “continues to face obstacles such as inflation”, which, which will close the year by 275%, in addition to “the loss of value of the currency and the fall in the purchasing power of households”, according to a report published on Thursday, September 4.
The team of UNDP Venezuela experts ensures that the economy of the nation “is giving signals of growth, mainly thanks to the impulse of the oil sector and the good performance of some” others, but considers “key to apply policies that help stabilize prices and improve the quality of life” concretely. “
These positive perspectives respond in part to the “significant change in the US sanctions policy, specifically, the individual license granted to (the American oil company) Chevron, which greatly reduces uncertainty about its operations in Venezuela,” according to the report.
He indicated that, in the first semester of 2025, the average oil production was 1,048,000 barrels per day (BD), the “best result since the same period of 2019”, and provides that the sector grow 13 % this year, while non -oil activity rises 3.4 %.
On the other hand, UNDP warns that Venezuela “is again under the pressure of high inflation, an economic challenge that remains central to the stability of the country.”
*Read also: Merchants talk: lower consumption and dollars circulating hit sales
According to their estimates, prices increased by 21% in April, 23% in May and 11.3% in June, so annualized inflation reached 216.7% in the sixth month, while the accumulated in the first half of the year reached 123%.
This, he explained, reflects “the magnitude of the challenge for the Venezuelan economy and the purchasing power of its citizens.”
On a tour made by SuchWhich, In various markets in Mérida and Caracas, merchants stressed that so far this year there has been a reduction in consumer purchases. They explained that from the purchases per kilo they went to the measured grams, in order to take the necessary amount for a meal.
Similarly, they pointed out that nine out of 10 payments are received in bolivars, whether effective or electronic channels and highlighted Ue Cashea became an incentive to maintain sales.
On August 8, Nicolás Maduro extended for 60 days, extendable for the same period, the economic emergency decree approved by the National Assembly on April 10 in response to the tariffs of 15% imposed by the administration of Donald Trump to Venezuela that entered into force on August 7.
With the Renewal of the Economic Emergency DecreeNicolás Maduro may dictate “all the measures that it considers necessary to guarantee the development and economic growth of the country.”
With information from the EFE agency
*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against 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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