Report Published: "Venezuela Business Forecast Report Q3 2014"
We expect economic growth to remain sluggish, characterised by a slowdown in private consumption, net exports, and investment. President Nicolas Maduro has consolidated his power in recent months, bolstered by a strong PSUV performance in the December 8 elections, and will continue Chavez's policies of elevated social spending, resulting in sizeable fiscal deficits. However, a series of currency devaluations has begun to ease fiscal pressures.
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