Venezuela’s Economy Grew 7% in the First Quarter of 2024

Venezuelan vice-president Delcy Rodríguez in the teleSUR podcast. Photo: X/ @ViceVenezuela

June 22, 2024 Hour: 4:42 pm

The Venezuelan executive vice president Delcy Rodríguez said on Saturday that the Venezuelan Gross Domestic Product (GDP) grew up a 7% in the first 2024 quarter, achieving 12 quarters of continuous economic growth.


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The also Minister of Economy, Finance and Foreign Trade highlighted that the South American country will grow even more than the fancy both ECLAC (Economic Commission for Latin America and the Caribbean) and the International Monetary Fund.

Rodríguez pointed out that the nation owns “94% of South America’s reserves of energy resources” such as oil, gas, and minerals such as iron and diamond, which places it in an energy leadership position in the region.

On the other hand, the vice-president told in the, teleSUR CEO, Patricia Villegas’ podcast that Venezuela overcame the serious difficulties caused by the blockade of the United States (US) thanks to the diversification of its economy through the recovery plan of 2018.

“Vice President Executive, @delcyrodriguezv, during #Podcast of @teleSURtv: The criminal blockade allowed Venezuela, first, to reflect on its economic model, completely dependent on oil revenue, and to understand that the path is diversification.”

Rodriguez explained that the so-called Venezuelan miracle was achieved through a series of measures aimed at breaking the dependence on oil revenue.

The Government bet on the path of diversification, through the Bolivarian economic agenda with 18 productive engines, based on the great wealth and potential of Venezuela, she said.

“How to develop the potential of Venezuela, basically? asked Rodriguez. Oil production, food production, drug production, strengthening that industrial platform. The program was done with a method of its own, and we were advised by Iran, Russia and China, but the important thing is that the people understand,” said the vice executive.

Autor: ACJ

Fuente: VTV // // Venezuela News

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