ESPACIO PUBLICITARIO
CARACAS, Wednesday April 18, 2012 | Update
 
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Economy

IMF voices concern about Venezuela's inflation

The International Monetary Fund raised to 4.7% its forecast of Venezuela s real GDP in 2012

VÍCTOR SALMERÓN |  EL UNIVERSAL
Wednesday April 18, 2012  01:40 PM


The International Monetary Fund said in its World Economic Outlook that Venezuelan economy is expected to grow in 2012 and 2013, but it showed concerned about the country's high inflation rate.

The IMF forecast that the Venezuelan economy will grow 4.7% in 2012, with a slowdown in 2013 (3.2%).

However, the IMF is concerned about inflation. According to the report, "these concerns are particularly serious regarding Venezuela, where policies are not tight enough and inflation is still high."

The IMF forecast that average inflation in Latin America will stand at 7.4%, while in Venezuela it would reach 31.6% and 28.8% in 2013.

The IMF also stressed that for oil exporting countries "risks revolve around the price of oil —which, on the downside, is predominantly tied to the possibility of an intensified crisis in Europe that spills over into slower growth in the rest of the world." The report also stated that in these countries "government expenditures have risen to such a degree that a relatively modest fall in the price of oil can lead to budget deficits."

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Gagging Twitter users

Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren. He was sacked despite the fact that he was taking a leave of absence from work due to a work-related accident, and that he enjoyed security of employment under the parental job-immunity privilege. Most probably, the decision was influenced by his role as a union organizer. But what did he do, besides leading protests, to deserve the sack? Well, he allegedly sent off a series of tweets that definitely hurt the sensitivity of the Saren Directorate.

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