Venezuela Economic Outlook
September 12, 2017
The 30 July vote on the constituent assembly has transformed the country into an outcast state and thrown it deeper into uncharted waters. Venezuela’s suspension from the Mercosur trade bloc and the imposition of harsher sanctions by the United States are clear indications of the growing diplomatic isolation the country is facing, which will likely accelerate its economic meltdown. Since the vote, the swings observed in the bolivar traded in the parallel market are a clear indication of the political uncertainty generated at home. As the latest political developments unfold, the economy continues its precipitous slide. Oil prices remain below USD 50.0 and inflationary pressures remain extremely elevated thus far in Q3, with a 422.6% increase in the money supply in July and sharp depreciations in the Dicom and parallel market rates in August.Venezuela Economy Data
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Venezuela Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1,256 | 22,729 % | Sep 14 |
| Exchange Rate | 10.00 | 0.0 % | Sep 21 |
| Stock Market | 425,855 | 0.02 % | Sep 21 |
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Venezuela Economic Growth
September 12, 2017
The outlook has grown dimmer in recent weeks as the latest political developments have increased uncertainty. The structural problems plaguing the economy are unlikely to be addressed anytime soon as the regime fights for survival, implying that the recession the country has experienced since 2014 will continue this year and the next. FocusEconomics panelists see the economy shrinking 7.6% in 2017, which is down one percentage point from last month’s forecast. For 2018, the contraction is expected to soften to 2.7%.Venezuela Economic News
Venezuela: Price pressures remain elevated in Q3
September 3, 2017
Given the dearth of official data for inflation, different indicators from official and non-official sources are used as proxies to measure the evolution of price levels.
Venezuela: Latest vote pushes economy further into uncharted territory
August 7, 2017
The outcome of the highly-controversial 30 July Constitutional vote has resulted in a further escalation of violence and polarization in the country.
Venezuela: Oil prices edge higher in August on increased political uncertainty
August 2, 2017
Oil prices picked up in August, reaching the highest print in six months.
Venezuela: Inflation shows no sign of abating in Q3
July 6, 2017
Given the dearth of official data for inflation, different indicators from official and non-official sources are used as proxies to measure the evolution of price levels in the South American country.
Venezuela: Dicom rate depreciates following June devaluation
July 6, 2017
On 4 July, the bolivar traded in the parallel market at 7,691 VEF per USD. The result marked a steep 19.3% depreciation from the same day of last month.
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