October
21, 2003
CAF forecasts growth for Venezuelan
economy in 2004
(Multipuerta.com, reproduced by Conapri's newsletter:
Invest Venezuela No 35) - The Andean Development
Corporation (CAF) forecasts that the Venezuelan
economy will grow strongly next year. Its Executive
President Enrique García said that growth
can be of 3% or 4%. This prediction joins those
of other multilateral organizations such as the
International Monetary Fund (IFM) which projects
that the productive base will reactivate 7.7%
of GDP. The World Bank (WB) is even more optimistic,
estimating an economic recovery of 10%.
