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Economy & Business - April 2010 (ISSN 1741-7430)

VENEZUELA: Braced for a contraction

Venezuela is the only country in the Western Hemisphere that will register a contraction this year, according to the International Monetary Fund (IMF). In its latest (April 2010) World Economic Outlook, the Fund projects a real GDP decline of 2.7% year-on-year in 2010, with only marginal growth of 0.4% in 2011.

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