November 3, 2008

Killer fact

Quico says: Between the first half of 2003 and the first half of this year, Venezuelan imports rose 322%!

Over that period, imports grew nearly twice as fast as aggregate demand (39%/year vs. 21%/year.)

...and Chávez still managed to lose a referendum at the very peak of the import boom!

Source: ODH Grupo Consultor.