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UPDATE: Venezuela GDP Fell 5.8% In 1st Quarter - Central Bank [View All]

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Home » Discuss » Places » Latin America

naaman fletcher

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Tue May-25-10 06:29 PM
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UPDATE: Venezuela GDP Fell 5.8% In 1st Quarter - Central Bank

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CARACAS (Dow Jones)--Venezuela's gross domestic product shrank 5.8% in the first quarter, the central bank said Tuesday, as shortages of electricity and water, wage increases that aren't keeping pace with inflation, and banking problems all take their toll on economic output.

The contraction last quarter matched the fourth-quarter rate of -5.8% and seemed to reinforce the warnings ...

http://online.wsj.com/article/BT-CO-20100525-714422.html?mod=WSJ_latestheadlines

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