Tag: Armando Leon

• Wednesday, August 31st 2011 - 19:40 UTC

  Venezuela economy expands 2.5% in 2Q, down from 4.8% in first quarter

  

  Venezuela’s second quarter (2Q) Gross Domestic Product (GDP) was 2.5%, below the expectations of the Government and below the first quarter GDP’s 4.8% rate, probably indicating that the Government’s effort to prop the economy via fiscal spending is losing steam.