December 14, 2005
Venezuelan economy will grow between 7 and 10% in 2005

(El Nacional) - "According to a forecast by the Director of the Venezuelan Central Bank, Domingo Maza Zavala, Venezuelan economy will close this year with growth rates of between 7% and 10% of the GDP. He said, 'Venezuelan economical growth in 2005 could be the highest one in Latin America, based on the forecasts by the Economical Commission for Latin America and the Caribbean (ECLAC) and the Inter American Development Bank'.

Maza Zavala foresees a constant recovery, which will place the GDP's growth for 2006 in 8%.

He also explained public and private investments have increased, as have demand and consuming. 'We cannot underestimate the fact that during this year and during 2006, there will be considerable economical and social welfare activities'. Economy grew 9.8% during the third quarter of 2005, giving an accumulated growth of 9.1% during the first 9 months of the year".