The Economic Commission for Latin America and the Caribbean (ECLAC) acknowledged on Wednesday that the coercive measures imposed by the United States government on Venezuela limit the actions and growth of the economy of the South American country.
Presenting today the Economic Survey of Latin America and the Caribbean 2019, the executive secretary of ECLAC, Alicia Bárcena, pointed to economic measures as a factor in the strong decline of that nation.
Bárcena indicated that the blockade has affected the downfall in imports, exports, use of foreign exchange reserves and access to international financing.
She said that it has negative consequences on the Venezuelan population as it hinders access to essential medicines and foods, and also has a negative impact on regional economic growth.
The ECLAC study indicates that the region will grow this year only 0.5 percent, lower than 0.9 in 2018, a general slowdown that will affect 21 of the 33 countries in Latin America and the Caribbean.
The study also reveals that Brazil will have an economic growth of 0.8 percent, Mexico 1.0 and Argentina contemplates a decrease of -1.8.
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