1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Retail Banking Market Trends
Country Forecast Venezuela December 2017 Updater

Country Forecast Venezuela December 2017 Updater

  • December 2017
  • ID: 359055
  • Format: PDF
  • The Economist Intelligence Unit

Summary

Table of Contents

Search Inside



  • Although the regime of the president, Nicolás Maduro, will strengthen its grip on power in the wake of the installation of a Constituent Assembly, The Economist Intelligence Unit does not expect Mr Maduro to remain in power beyond 2019. The most likely scenarios for a transition to an opposition-led government are through ad hoc elections after economic collapse or a military coup. There is a risk that the regime will cling to power beyond 2019 if the government finds financing to avoid a disorderedly default or if it manages to boost dwindling oil production.
  • We estimate that inflation will exceed 1,600% by end-2017 and average over 2,000% in 2018. GDP will continue to contract into 2019. High inflation has led to a collapse in private consumption and operating conditions have hurt investment. We forecast a recovery beginning in 2020, by which time the current opposition is expected to be in government, leading to macro-economic adjustments, and institutional and structural reforms.
  • Sweeping reforms are required to restore confidence in contract and property rights, and thereby promote a recovery in investment. The business environment is among the weakest in the world, reflecting outright hostility from the government towards the private sector as well as critical shortages of inputs needed to maintain productive capacity. From 2019 a new government will encourage private investment, re-establish market mechanisms for price stability and attempt to undo the constraints imposed by the government on private firms.
  • Worsening shortages of consumer goods and quadruple-digit inflation will hit private consumption, and an increasingly difficult operating environment will accentuate the fall in fixed investment. The recession that began in 2014 will continue to deepen despite a partial recovery in oil prices, and the economy will not return to growth until 2020-assuming that a new government takes power and implements reforms. However, these reforms will take time to bear fruit, reinforcing our forecasts of only a weak recovery.
  • At almost 300bn barrels, Venezuela has the world's largest proven oil reserves, but its oil sector has suffered from disinvestment and mismanagement owing to political interference. The government claims that rising investment in the energy sector will lift oil production significantly in the medium term, but we foresee a continued fall in production until 2019, followed by rising output from 2020 onwards as economic conditions stabilise.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Canada Retail Banking 2020 - Review, Forecasts, and Future Opportunities

  • $ 5250
  • July 2020
  • 36 pages

Canada Retail Banking 2020 - Review, Forecasts, and Future Opportunities Summary Growth in Canada’s retail banking sector has been consistent over the past decade, with the country avoiding the type ...

  • Canada
  • Banking
  • Financial Services
  • Industry analysis
  • Household Savings
  • Online Expenditure

ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on