The government publishes official data again and the numbers speak for themselves, both quarterly and annually. In the region, investors are still reminded of the latent risks of the internal political and social dynamics of each country.
VENEZUELA
On Friday afternoon, the Central Bank of Venezuela published GDP data for the first quarter of this year in which it reported a contraction of 23.7% compared to the fourth quarter of 2018 and 26.8% compared to the first quarter of 2018. From the first quarter of 2012 the Venezuelan economy would accumulate a fall of 57.3%. In official figures, during the last decade the economy would have lost 55% of its size.
Source: BCV
All sectors of the economy reported contraction. Among the most affected sectors, year by year, construction (74%), financial and insurance institutions (56%) and manufacturing (56%) stand out. The least affected sector was telecommunications, with an annualized fall of 12%.
Likewise, the BCV also published the Consumer Price Index (CPI), where it reported 52.2% inflation during the month of September; the accumulated of 2019 would be 4,680% and 39,114% compared to the same month of 2018. These figures contrast significantly with those published by the AN Finance Commission (23.5% in September or 50,000% annualized, for example) …