Venezuela’s economy is showing signs of recovery, its president has claimed, after five years of acute economic crisis and hyperinflation.
Nicólas Maduro told the country’s congress that the economy grew 7.6 per cent in the third quarter of last year and probably grew “more than four per cent” in the year as a whole, hailing it as “a marvellous achievement”.
“After five years of economic war, boycott and blockades, Venezuela is back on the path of economic growth,” he said in his weekend address, adding that exports jumped 33 per cent in 2021.
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