06-11-2008, 10:58 PM
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Viva Fidel
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Join Date: Dec 2007
Userid: 107 Location: Imperialist Britain
Age: 23
Posts: 4,604
Rep Power: 5
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Venezuelas's Buoyant Economy
Venezuela ain't feeling no credit crunch. Capitalism is a failing road to ruin.
Quote:
The Venezuelan economy has registered its eighteenth quarter of uninterrupted economic growth, Planning and Development Minister Haiman El Troudi announced Thursday. Central Bank figures show an overall increase of Gross Domestic Product by 4.8 percent for the first quarter of 2008, however this is down from 8.8 percent in the same quarter last year......
n the context of the overall quarterly increase of Gross Domestic Product of 4.8%, the communications sector grew 17.6%, accompanied by a 5.7% growth in services, and lower increases in the manufacturing and construction industries.
The Central Bank also reported a $10 billion surplus for the first quarter, the result of soaring oil prices.
A 70.2 percent increase in oil prices in the first quarter compensated for a 2.1 percent decline in the volume of crude exports, the Central Bank figures showed.
The private manufacturing industry also registered 18 consecutive quarters of expansion, with an increase of 1.3% determined fundamentally by the increased production of tires and plastics (16.7%), processing of non-metallic minerals (8.9%), paper production (8.3%), food, beverages, and tobacco (6.2%), and printing (4.7%).
In the food industry, growth was observed in meat production and processing, and derivatives (14.1), bakery products (11.4%) and other food products (10.6%).
The construction industry also registered an overall increase of 2.6%, with 0.2% increased derived from the public sector, and within this 9.9% corresponded to construction in the state oil sector.
In the private sector 9.5% corresponded non-residential construction, principally industrial complexes and commercial centers.
State services also reflected an overall expansion of 4.5%.
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Venezuelan Economy Grows for 18th Consecutive Quarter | venezuelanalysis.com
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Viva Fidel
If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism
They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?
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