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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.
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The document provides an economic review and outlook covering various regions and countries. It discusses slowing global economic growth but reduced risks. Foreign direct investment declined globally in 2012 but some countries like Africa saw growth. The US Fed announced a possible tapering of quantitative easing which initially caused market selloffs but markets recovered. Eurozone risks were lowered by ECB actions though risks remain. Germany's economy slowed due to weakening Chinese demand. China's growth declined for two successive quarters due to weak overseas demand.Impact of Oil Price Volatility on Macroeconomic Variables and Sustainable Dev...
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- UNCTAD expects India's GDP to have contracted 6.9% in 2020 but grow 5% in 2021 due to the deeper downturn in 2020 and stronger recovery projected for 2021. However, Covid restrictions severely affected incomes and consumption.
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- Moody's Analytics estimates India's economy will grow by 12% in 2021 following a 7.1% contraction in 2020, with domestic and external demand improving manufacturing output in recent months.January 2013 World Economic Situation and Prospects
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Impact of Oil Price Volatility on Macroeconomic Variables and Sustainable Dev...
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THE ECONOMIC IMPLICATIONS OF HIGH DEBTS PROFILE TO A DEVELOPING NATION: EMP...
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