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Weekly Report - 11 January 2018 (WR-18-01)

VENEZUELA: Maduro picks up unwanted records

Two economic records were broken in the opening days of the New Year. It is fair to say that neither of them were coveted by the government led by President Nicolás Maduro. Inflation reached an all-time high in Venezuela in 2017, and crude oil production fell to a new 28-year low in December. The government’s current economic direction is more difficult to discern than that of inflation or crude production.

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