President Nicolás Maduro assured this in a broadcast on the State broadcaster VTVhad an increase in Gross domestic product (GDP) So far this year. “This year we forecast 8% growth in gross domestic product, at least growth in the real economy, the economy that produces eggs, cheese, meat, milk and material goods to satisfy daily life,” the president said. Which indicates that this represents that “The national economy has recovered.”
In addition, Maduro pointed out that the GDP Venezuelan registered a 5.5% increase in 2023. However, this information is contrary to that provided by the Venezuelan Financial Observatory (OVF) This month it said there had been a 1.2% decline over the past year.
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What was the “Caracazo” in Venezuela?
On February 27, 1989, a series of events known as the “Caracazo” occurred in Venezuela. This term refers to a series of protests, riots and looting that began in the capital Caracas and spread to other cities in the country. These events marked one of the most significant social and political crises in Venezuela's contemporary history.
The immediate trigger of the “Caracazo” was the announcement of a package of economic measures imposed by the government of then President Carlos Andrés Pérez in response to the conditions for the granting of financing to the country set by the International Monetary Fund (IMF). The most controversial measures included the liberalization of fuel prices, which led to an immediate and significant increase in transportation costs, and the liberalization of prices for basic goods and services, which led to widespread price increases.
DolarToday today, Thursday February 29: Price of the dollar in Venezuela
The official DolarToday web portal has been updated38.42the official price of the dollar in the prairie country.
Find out the price of the dollar in Venezuela, according to Dolartoday for today, February 29, 2024. Photo: dolartoday.com
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What are home bonds?
The Venezuelan government is continuing its programHome bonds, with the aim of supporting various population groups in the face of the economic situation. Four types of bonuses were granted in September 2023:
- Bonus against the economic war for civil servants: 945 bolívars.
- Bonus against the economic war for public sector pensioners: 1,545 bolívars.
- Chamba bonus for young people: 168.80 bolívars.
- We are Venezuela Bonus: 168.80 Bolívars.
- These bonds represent direct aid to Venezuelans, although the government has not yet announced specific dates for the delivery of the next subsidies.