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Andean Group - May 2014 (ISSN 1741-4466)
ECONOMY & POLITICS: Stagnating
Although the situation on the ground means that Venezuela will not avoid a painful recession this year, the adjustment being enforced by the government led by President Nicolás Maduro could, eventually, restore some sort of stability to Venezuela ahead of the 2015 mid-term legislative elections. It’s a piecemeal policy approach, however, designed principally for political survival.
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