Central government spending has increased from 21.4 percent of GDP in 1998 to 30 percent in 2006. It is likely that the government's expansionary fiscal and monetary policies, as well as exchange controls, have contributed to the current economic upswing. Real (inflation-adjusted) GDP has grown by 76 percent since the bottom of the recession in 2003. The economy has had continuous rapid growth since the onset of political stability. The oil strike sent the economy into a severe recession, during which Venezuela lost 24 percent of GDP.īut in the second quarter of 2003, the political situation began to stabilize, and it has continued to stabilize throughout the current economic expansion. This culminated in a military coup that temporarily toppled the constitutional government in April 2002, followed by a devastating oil strike from December 2002-February 2003. Hugo Chávez Frias was elected in 1998 and took office in 1999, and the first four years of his administration were plagued by political instability that had a large adverse impact on the economy. In this regard it is similar to the region as a whole, which since 1980 has suffered its worst long-term growth performance in more than a century. Venezuela suffered a severe economic growth collapse in the 1980s and 1990s, with its real GDP peaking in 1977. There is much evidence to contradict this conventional wisdom. The most commonly held view of the current economic expansion is that it is an "oil boom" driven by high oil prices, as in the past, and is headed for a "bust." The coming collapse is seen either as a result of oil prices eventually declining, or as a result of the government's mismanagement of economic policy. Venezuela has experienced very rapid growth since the bottom of the recession in 2003, and grew by 10.3 percent last year. Fiscal and Monetary Policy, Exchange Rates, Balance of Payments, and the Sustainability of the Current Economic Expansion.Social Spending, Poverty, and Employment.This query, you agree to abide by these terms. We reserve the right to modify these terms at any time. Other use of this data is expressly prohibited without prior written The compilation, repackaging, dissemination or This whois database system providing you this information or (2) allow,Įnable, or otherwise support the transmission of mass unsolicited,Ĭommercial advertising or solicitations via direct mail, electronic Purposes and that, under no circumstances will you use this data to: (1)Įnable high volume, automated, electronic processes that stress or load Whois query, you agree that you will use this data only for lawful We make this informationĪvailable "as is," and do not guarantee its accuracy. Related to a domain name registration record. Purposes only, that is, to assist you in obtaining information about or The data in this whois database is provided to you for information > Last update of WHOIS database: T00:34:02.00Z <<<įor more information on Whois status codes, please visit URL of the ICANN WHOIS Data Problem Reporting System: HTTP:/// Registrar Abuse Contact Email: Abuse Contact Phone: +1.4259744689 Tech Email: Server: LADY.NS.CLOUDFLARE.COM Registrant Email: Name: Data Protected Data ProtectedĪdmin Email: Name: Data Protected Data Protected Registrant Name: Data Protected Data Protected Registrar Registration Expiration Date: T17:01:10.00Z Registrar URL: Updated Date: T00:34:02.00Z Registry Domain ID: 1581484431_DOMAIN_NET-VRSN ,wmxa.cn,26.ca,haiwainet.cn,hr2012.cn,ocnews.hk,kgong.cn,hkfe.hk,ccoo.cn,qxintl.cn
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