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LatinNews Regional Monitor: Andean Group - 22 October 2019

In brief: Venezuela’s GDP contracts 26.8% in Q1 2019

* Venezuela’s central bank (BCV) has released new figures which show economic growth contracted 26.8% in the first quarter of 2019 year-on-year. In its most recent (July 2019) forecast, the United Nations Economic Commission for Latin America & the Caribbean (Eclac) is expecting -23.0% GDP growth for Venezuela in 2019.

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