The Venezuelan economy grew 7.6% in the third quarter of 2021, according to Maduro

Caracas, Jan 15 (Latest) .- The President of Venezuela, Nicolás Maduro, assured this Saturday, in the annual surrender of his administration, that the Venezuelan economy achieved a growth of 7.6% in the third quarter of 2021.

“In the third quarter of this year, the economy already achieved a growth of 7.6% and the specialized statistical institutions project a growth in 2021 of more than 4% of the Venezuelan economy, which is a wonderful achievement for our country,” he said. the president at the Parliament building in Caracas.

“After five years of the scheme of financial persecution, blockade, economic and commercial boycott, we have managed to activate the real economic forces of Venezuelan society, overcoming circumstances and activating the 17 engines of the alternative Bolivarian economic agenda,” he claimed.

The president maintained that there was an increase in household consumption of 4.9%, which is a “concrete” economic indicator of the real economy, which has reacted for the better.

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Likewise, he said that there was an 8.7% increase in government consumption, which represents “money circulating in the economy”, as well as a 3.1% growth in investment and 4.9% in exports, “on everything”, the non-oil companies.

The government official indicated that, in 2021, 80% of the “digital economy” was reached in the Caribbean country, which he said is not what they aspired to but “it is a good step.”

He recalled that, last October, Venezuela experienced a new monetary reconversion, the third in this century, with which six zeros were removed from the currency that was renamed digital bolívar, which he described as successful.

“In 2021 we had 201 million transactions, registering an increase of 65% in economic transactions, in the national currency, the bolivar, because we have been achieving mechanisms that allow the defense of the bolivar, its future recovery and coexistence with the dollar and with the other currencies and cryptocurrencies that work in the national economy,” he added.

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However, he stated that Venezuela will “never give up” its national currency and what is sought is its recovery for the generation of “real wealth.”

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