Venezuela's Economic Recovery: Is It Sustainable?

Jake Johnston and Mark Weisbrot

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: Venezuela’s current growth is generally described as unsustainable, with various negative scenarios put forth, including spiraling debt, inflation, and balance of payments crises. However, these pessimistic forecasts have been far off the mark for most of the past decade. This paper looks at the available economic data to see if Venezuela’s economic recovery could be sustained, or even accelerated. It finds that Venezuela’s current economic growth is sustainable and could continue at the current pace or higher for many years.

Keywords: Venezuela; economy; growth; macroeconomics; elections; recession; external debt (search for similar items in EconPapers)
JEL-codes: E E5 E52 E58 E6 F F1 F2 F3 F33 F34 I I1 I12 I18 O O4 O47 O5 O54 O57 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012-09
New Economics Papers: this item is included in nep-fdg and nep-pke
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.cepr.net/documents/publications/venezuela-2012-09.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2012-24

Access Statistics for this paper

More papers in CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR) Contact information at EDIRC.
Bibliographic data for series maintained by ().