August 18, 2005
Deutsche Bank forecasts growth for Venezuela

(Agencia Bolivariana de Noticias) - "The Deustche Bank forecasts a growth of 7,5% for Venezuela in 2005 and 5,6% of expansion during 2006, according to the country's economic indicators published by the investigations department of that bank.

The GDP per capita for 2005 and 2006 will be $4.670 and $5.192 respectively, which means the growing rate of that variable will continue like it has since 2003, when it ended in $3.223 (...)

The information provided by the bank, updated on August 15th 2005, also indicates that Venezuelan economy will report by the end of this year a surplus of 24.3 billion dollars in the commercial balance, which reflects the difference between total imports and exports, as well as another surplus of 20.1 billion dollars next year.

Numbers provided by Deutsche Bank also show that the current account of the Venezuelan payments balance will close this year in 16.4 billion dollars, which reflects an important increase of 2.6 billion dollars more than the one reached last year when it totalled 13.8 billion dollars (...)".