UN forecasts economic growth in Venezuela at 2.5% in 2013
The economy of Latin America and the Caribbean is expected to grow 3.9% in 2013 and 4.4% in 2014, a United Nations report suggested
This means, however, an improvement considering the noticeable deceleration in the yearly growth of the region's gross world product (GWP), which stood at 3.1% in 2012 as against 4.3% in 2011 and 6% in 2010.
The report indicated that Brazil's economic growth in the next two years will stand at 4% in 2013 and 4.4% in 2014.
Likewise, the economic prospects for 2013 in other countries is as follows: Panama, 7.5%; Paraguay, 6.9%; Peru, 5.8%; Dominican Republic, 4.7%; Bolivia, 4.7%; Chile, 4.6%, Colombia, 4.5%; Ecuador, 4.4%; Costa Rica, 4.4%; Uruguay, 4.2%; and Nicaragua, 4.2%.
The countries reporting growth below average (3.9%) are the following: Mexico, 3.8%; Guatemala, 3.7%; Honduras, 3.5%; Cuba, 3.5%; Argentina, 3.2%; Venezuela, 2.5%; El Salvador, 2.2%.
The report also highlights the effects of the drop of Latin American exports attributed to the crisis in the US and Europe. Export in the first half of 2011 grew 28%, compared to only 4% in the same period of 2012.
Translated by Jhean Cabrera
A simple reason: there is oil galore, would suffice to explain Guyana's actions. Another explanation lies in the little or none efforts made by the Venezuelan government to thwart the move by the Guyanese. This is certainly not a new problem, but a problem only recently highlighted because oil is involved. But what other resources does the disputed area hold? For most of us it is a section on the map with black and white stripes on it, a depiction of something distant, alien, a nothingness not worth paying much attention to in geography classes back in elementary school.