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Weekly Report - 22 May 2014 (WR-14-20)

VENEZUELA: The mother of all adjustments

While progress is slow and painful on the ground, and will mean a recession this year, there are signs that the government led by President Nicolás Maduro is moving towards a more pragmatic policy stance that could, eventually, restore some macro-economic stability to Venezuela ahead of 2015 mid-term legislative elections.

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