Venezuela reports 5.5% growth in the last quarter of 2012
According to the central bank, the performance in the fourth quarter was the result of a 3.7% and 5.6% growth of the value added of the public and private sectors, respectively
The Central Bank of Venezuela (BCV) reported on Tuesday a 5.5% growth of the gross domestic product (GDP) in the fourth quarter of 2012, compared to the same quarter in 2011.
Including the economic growth recorded in the first nine months of 2012, Venezuela's annual growth in 2012 hit 5.6%, the central bank said in a communiqué.
The leap recorded in the fourth quarter was the result of a 3.7% and 5.6% growth of the value added of the public and private sectors, respectively.
Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."