Saturday, January 16, 2016

Venezuela in "economic emergency": Q3 inflation 141.5% and GDP down 7.1% — MercoPress

Venezuelan President Nicolas Maduro's government has decreed a 60-day “economic emergency” for the recession-hit OPEC nation reeling from low oil prices and a sputtering state-led economic model. The government on Friday also published the first macroeconomic data for more than a year, showing GDP dropped in the third quarter while inflation surged.

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