A besieged Venezuelan economy has receive a sorely needed vote of confidence from the Swiss financial institution Credit Suisse, which says the country’s economic travails notwithstanding, it is likely to grow by 5.5% this year.
The current prediction supersedes a previous 4% growth prediction for the country’s GDP.
The adjusted projected GDP growth figure is based on a report prepared by analyst, Alberto Rojas, and is founded on projections of a “positive income effect from high oil prices and the widespread use of foreign currencies in everyday activities.”