Japan Eyes Reduction in Inflation-Linked Bond Buybacks Amid Surging Investor Demand 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
Global Markets Tumble as US-Iran Tensions Escalate, Oil Surges 
UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs 
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data 
Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
Gold Prices Fall for Tenth Straight Session Amid Iran Uncertainty and Rate Concerns 
Gold Prices Drop Amid Inflation Fears and U.S.-Iran Escalation 
U.S. Futures Slide as Iran Denies Nuclear Talks with Washington 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
European Stocks Tumble as Iran-Strait of Hormuz Crisis Rattles Global Markets 
Australia's Inflation Eases in February but Core Pressures Persist 
Asian Currencies Slide as U.S.-Iran Tensions and Rising Oil Prices Rattle Markets 
Venezuela surpassed 9% economic growth in 2024, President Nicolas Maduro announced, crediting the hydrocarbons sector for its crucial role in driving recovery. The nation shows signs of progress as it tackles ongoing challenges.
Maduro Highlights Venezuela’s 9% Economic Growth in 2024
According to a transcript of an interview that was released by the Mexican media outlet La Jornada on Wednesday, President Nicolas Maduro stated that the economy of Venezuela had growth of more than nine percent in the year 2024, Investing.com reports.
"In 2023, we had 5.5% (growth). In 2024, according to all scientific, statistical, and technical data, we will surpass 9% growth in gross domestic product, with a very high level of growth in the real economy, as well as in the hydrocarbons sector," Maduro told the Spanish reporter Ignacio Ramonet.
Inflation and Migration Impact Venezuelan Economy
Over the past few years, Venezuela's economy has been going through a protracted crisis that has been characterized by inflation rates in the triple digits and the migration of millions of Venezuelans into other countries in search of better possibilities.
The government lifted its limitations on the private sector in 2019, which made it possible for an informal dollarization to take place. This, in turn, provided a vital support system for important sections of the economy.
Analysts Remain Skeptical of Economic Recovery
The analysts, on the other hand, are of the opinion that the plan has not been adequate for a complete economic recovery.
On Wednesday evening, the presidential interview with Maduro is scheduled to be broadcast on the state television of Venezuela.
