President Nicolás Maduro affirmed that the Venezuelan economy is experiencing «good times of recovery.» During his «Con Maduro+” program, the president compared the economy to a «battered body» that, after reaching an extreme point of weakness, now needs to be cared for in its healing process.
He noted that the economic war and financial persecution, although very harsh, allowed the country to develop its «own muscle.» This effort has resulted in a new economic structure that is on the way to achieving full equilibrium, although he acknowledged that «some elements that will be achieved in phases» are still missing.
Among the positive signs of this recovery, the President listed the growth in national production, consumption, trade, and banking transactions. He particularly highlighted the progress made in key sectors such as food production, agribusiness, the pharmaceutical industry, and the satisfaction of domestic needs.
The Head of State recalled the severe impact of the coercive measures, which caused the country to lose 99% of its foreign currency earnings. In contrast, he assessed that the national financial system currently ranks between six and seven on a scale of ten, showing notable improvement.
President Maduro also paid tribute to Commander Hugo Chávez, who had warned since 2013 of the coming of an unprecedented economic war. He emphasized that, thanks to Commander Chávez’s guidelines and the work and sacrifice of the people, the country has managed to overcome those years of external «destructive missiles.»
He emphasized that, paradoxically, this situation has helped break a culture of oil dependence that has lasted more than 100 years. The current challenge, he concluded, is to consolidate the balance between domestic production, meeting domestic needs, and reducing imports, keeping all the engines of the new economy running and growing.