Central Bank president cherishes inflation at 14%-16% in 2013
During his presentation at the National Assembly Finance Committee, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that a 6% growth by 2013 is attainable
Giordani reiterated that the budged was premised on prudence. "We must get ready for any event of the world economy," he advised.
For his part, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said that the goals of inflation in 2013 at 14%-16%, and 6% growth "are possible."
He added that annualized inflation this current year at 17.9% is far below the budgeted inflation at 20%-22%.
"There is an upward trend," he commented with regard to the economic outcome in the third quarter of 2012.
With reporting by Mayela Armas
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.