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UN skeptical about economic recovery in Venezuela
The Venezuelan economy is viewed with skepticism in a report, entitled 2010 World Economic Situation and Prospects,' prepared by the UN Department for Economic and Social Affairs (DESA), which was released on Wednesday and showed positive results about Latin America economy. "Despite the recent surge in oil prices, economic recovery in Venezuela will remain sluggish as electricity shortages affect production and private demand remains subdued," the report stated. According to the report, the economic activity in Latin America and the Caribbean has recovered more strongly than previously expected, benefitting in part from commodity demand. This will allow a 4 percent GDP growth in the region in 2010 and 3.9 percent in 2011. Posted by: Steve White 2010-05-27 |
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