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Andean Group - March 2014 (ISSN 1741-4466)
ECONOMY: Merentes grins and bears it
The newly-returned central bank of Venezuela (BCV) president Nelson Merentes has acknowledged that Venezuela is in “an economic crisis” and admits that the protests will have some negative impact on first quarter growth. Merentes expects real GDP growth of 4.0% this year, which by anyone’s standards looks wildly optimistic.
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- ECONOMIC OVERVIEW
- ECONOMY: Merentes grins and bears it
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