U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Venezuela surpassed 9% economic growth in 2024, President Nicolas Maduro announced, crediting the hydrocarbons sector for its crucial role in driving recovery. The nation shows signs of progress as it tackles ongoing challenges.
Maduro Highlights Venezuela’s 9% Economic Growth in 2024
According to a transcript of an interview that was released by the Mexican media outlet La Jornada on Wednesday, President Nicolas Maduro stated that the economy of Venezuela had growth of more than nine percent in the year 2024, Investing.com reports.
"In 2023, we had 5.5% (growth). In 2024, according to all scientific, statistical, and technical data, we will surpass 9% growth in gross domestic product, with a very high level of growth in the real economy, as well as in the hydrocarbons sector," Maduro told the Spanish reporter Ignacio Ramonet.
Inflation and Migration Impact Venezuelan Economy
Over the past few years, Venezuela's economy has been going through a protracted crisis that has been characterized by inflation rates in the triple digits and the migration of millions of Venezuelans into other countries in search of better possibilities.
The government lifted its limitations on the private sector in 2019, which made it possible for an informal dollarization to take place. This, in turn, provided a vital support system for important sections of the economy.
Analysts Remain Skeptical of Economic Recovery
The analysts, on the other hand, are of the opinion that the plan has not been adequate for a complete economic recovery.
On Wednesday evening, the presidential interview with Maduro is scheduled to be broadcast on the state television of Venezuela.
