LatinNews Daily - 24 August 2022

In brief: Venezuela’s central bank touts economic growth

* The president of Venezuela’s central bank (BCV), Calixto Ortega, has announced that the country is believed to have sustained two-digit year-on-year growth over four consecutive quarters. Addressing Venezuela’s national economic council, Ortega stated that the economy grew by 14.65% year-on-year in Q3 2021, by 19.07% in Q4 2021, and by 17.04% in Q1 2022. Ortega claimed that this first quarter growth “was the biggest growth in the Latin American region”, and cited an expected 18.07% of yearly growth for Q2 2022.

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