LatinNews Daily - 26 July 2022

In brief: Think tank points to economic recovery in Venezuela

* The Observatorio Venezolano de Finanzas (OVF), an independent economic think tank established by the Venezuelan opposition, has stated that economic activity in Q2 2022 increased by 16.6% year-on-year. The think tank attributed the growth to “rising oil production, greater government spending and the end of hyperinflation.” However, it notes that this is “modest growth if the large declines in production of goods and services in 2019 and 2020 are taken into account.”

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