Venezuela Eyes Over 9% Economic Growth, Shifting Away from Oil Dependency

Venezuela, under President Nicolás Maduro, is targeting over 9% economic growth as it seeks to reduce its reliance on oil, reflecting a significant shift in its economic strategy.

• During his program Con Maduro +, Nicolás Maduro announced Venezuelas goal of achieving over 9% economic growth, emphasizing a robust economy moving away from oil dependency.
• The United Nations Economic Commission for Latin America and the Caribbean supports Venezuelas shift, highlighting the need for diversification in the economy to ensure sustainable development.
• Venezuelas efforts to diversify its economy are crucial, especially as oil revenues have historically dominated, presenting challenges for long-term economic stability and growth.