The major Switzerland-based bank Credit Suisse has predicted that Venezuela’s real GDP growth will be 20% in 2022. The prominent Western financial institution also forecasted that Venezuela’s real GDP will increase by an additional 8% in 2023. These predictions come despite an illegal US blockade imposed on Venezuela, which has starved the government of revenue, locked it out of the international financial system, and fueled an economic crisis. The top United Nations expert on sanctions estimated that the Venezuelan government lost 99% of its revenue due to the Western unilateral coercive measures, which are illegal under international law.

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