President Maduro: 2025 and 2026 are heading for the best inflation record in 100 years

Published at: 20/05/2024 08:01 PM

The president of the Bolivarian Republic of Venezuela, Nicolás Maduro, highlighted on Monday the importance of building a new economic model, as one of the great national consensuses, to slow down inflation rates in the country.

In the Digital Zone segment of his 46th Con Maduro+ program, the head of state highlighted that the emergence of a diversified economy made it possible to “slow down hyperinflation and reach a projection point, for this year, which will be the best in 14 years in terms of inflation. 2025-2026 points toward the best record for inflation in 100 years.”

He said that, in the new economic model, the country's productive forces came together and began a deployment process.

“It was unthinkable to see the economic growth of 11 quarters that we have, the growth of 15 quarters of the agricultural domestic product was unthinkable, it was unthinkable to go from 85% of dependence on imports for food to 97% of domestic production (...) We are going to work on a model that benefits the country, that develops a solid self-sustainable productive force,” he emphasized.

Mazo News Team