New Market Study, "Venezuela Food & Drink Report Q1 2015", Has Been Published
In view of the substantial headwinds facing the Venezuelan economy, the country's real GDP is likely to contract by 2. 0 % in 2014 and grow by only 0.8 % in 2015. Despite enormous natural resource wealth, the economy's outlook will continue to be dimmed by poor macroeconomic governance, high inflation, low oil prices and significant political uncertainty. Furthermore, we expect household consumption to continue to be constrained by high inflation, which has substantially eroded purchasing power (we forecast headline...
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