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Venezuelan deputy ponders signs of economic recovery

Caracas, Dec 7 (Prensa Latina) Venezuela is pointing towards a phase of economic recovery with prospects for greater consolidation and stability during 2022 in terms of social welfare, said Jesús Farías, president of the Committee on Economy, Finance and Development of the National Assembly (Parliament).

The deputy stated that one of the signs of this stabilization revolves around a sustained decrease in inflation, for the first time in recent years.

“This is an indicator that the economy is beginning to stabilize definitively, and it is a fundamental condition for the growth of production,” the parliamentarian highlighted in an interview with Venezolana de Televisión.

Farías indicated that at present there is already a recovery process, which is evident -among other aspects- in the revival of the oil industry, private investment and political stability.

Regarding oil production -the country’s main source of income and the area hardest hit by the coercive measures of the United States-, Farías indicated that it shows signs of gradual reactivation thanks to the “enormous effort of the workers and the help of international friends, among which is Iran,” he stressed.

Also, in regards to private investment, the deputy pointed out that despite the obstacles generated by the so-called sanctions, Venezuela has regained the confidence and certainty to invest.

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