Analysis by Region - Emerging Markets - Venezuela
Description
We have upgraded our outlook for the Venezuelan economy, increasing our 2026 GDP growth forecast 4.1ppts to 8.3% y/y. This will be driven by moderate improvements in external investment and oil output over the next two years, which should reach 1.5mn barrels per day (bpd) at end-2027. This means our 2027 GDP growth forecast is up 11.5ppts to 15.4%.
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