Maduro assures that the Venezuelan economy grew in 2021

The president of Venezuela, Nicolás Maduro, assured this Sunday that 2021 is the first year of economic growth in the country since the beginning of the “Economic warfare” and the “Criminal sanctions of US imperialism.”

“This 2021 is the first year of economic growth since this economic war began, since the criminal sanctions of North American imperialism began”, declared the president in an interview with the Lebanese media Al Mayadeen.

Maduro did not offer details on the percentage of growth this year, but maintained that there has been a process of “sustainable recovery, based on work, based on the recovery of the real economy and based on the collective effort of an entire country.”

“The economy that produces food, the economy that produces goods, that produces services, industry, commerce and the country’s internal market, the real economy, is growing.”he added.

The Venezuelan president affirmed that this has had an impact on the economic activity of the people, which is why it has been a good year “in every way.”

“We are closing with great hopes and expectations that the year 2022 will be much better, with a greater recovery,” he added.

Maduro said that Venezuela has “resisted brutal attacks” from the United States with a “financial, monetary, commercial persecution unprecedented in the history of the last 100 years.”

“The fundamental thing for a country has to be the development of its real economy, of all factors and Venezuela is achieving it step by step, fortunately,” he said.

On December 12, the Central Bank of Venezuela (BCV) reported that last November inflation, measured by the National Consumer Price Index (INPC), was 8.4%, which becomes the third consecutive month with a single digit figure.

Inflation in October, always according to the central bank, was 6.8% and in September 7.1%.

Venezuela entered a period of hyperinflation in November 2017, which can be considered overcome after 12 consecutive months with price increases below 50% each month.

December 2020 was the last month in which the INPC registered an increase of more than 50%, specifically 77.5%.

According to BCV figures cited by specialized media, accumulated inflation reached 631.1% in December, while the interannual was 1,197.5%.