Venezuela’s economy grows 17% in 1Q

A man pulls a cart with vegetables on a street in San Cristobal, Venezuela, April 7, 2022. Picture taken April 7, 2022. REUTERS/Manaure Quintero

CARACAS: Venezuela’s economy grew 17.04% year-on-year in the first quarter of 2022, the country’s central bank president says.

“This is the highest growth in the Latin American region,” central bank president Calixto Ortega said in a state broadcast, giving the first official data on Venezuela’s economic growth since the first quarter of 2019.