BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Service Sector Sustains Growth Momentum in November 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
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.
