Nota
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Venezuela's GDP grew 2.6% in the second quarter of 2013, according to the president of the Venezuelan Central Bank. This growth rate fostered job creation and increased consumption, strengthening the economy. The Central Bank president said that Venezuela will continue working to consolidate production and economic growth over the next quarters. Additionally, Venezuela's GDP has expanded in 41 of the past 58 quarters, contracting in only 17 quarters due to events like oil price drops, global economic crises, and domestic political instability.
Nota
- 1. Venezuelas gross domestic product expanded by 2.6 percent during the second quarter of 2013, informed president of the president of the Venezuelan Central Bank, Eudomar Tovar, on Thursday. In a press conference organized to present economic statistics of the first six months of the year, Tovar informed that it continues expanding, an upward trend. This is a very important figure because it means generation of employment in that term, therefore fostering consumption and aids to strengthen the countrys economy, said Tovar accompanied by Finance minister Nelson Merentes and Planning minister Jorge Giordani. We will continue fighting, working to consolidate more and more production, economic growth and of course its development, he added. In addition, Tovar said that during the last 58 quarters, Venezuelas gross domestic product has expanded in 41 of them and dropped only in 17 due to different aspects: oil-price drop, global economic crisis, coup d辿tat in 2002 and oil sabotage in 2003.