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.
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.
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.
