Venezuela

BMI View:The dismal third quarter GDP growth figure (-4.5%) was a clear reminder of the poor state of the economy, and confirms our long-held expectations that Venezuela would lag... 2009-11-30

BMI View: Tensions between Venezuela and Colombia remain heightened, due to the formers' belligerent rhetoric and recent destruction of bridges straddling the border. Although the... 2009-11-27

We are revising down our end-year inflation target from 40.0% to 32.0% as the headline inflation rate continues to lag the core rate due to pervasive price controls. However, we... 2009-09-11

Venezuela's current account flipped from a US$4.2bn deficit in Q109 to a US$2.2bn surplus in Q209 as a recovery in oil prices reversed the trade deficit.

Venezuelan President Hugo Chávez is preparing to break diplomatic ties with Colombia in a clash over Bogota's decision to allow the US military access to seven of Colombia's army... 2009-09-07

Venezuelan President Hugo Chávez's increasingly authoritarian stance continues to weaken Venezuela's case for Mercosur entry in the eyes of Brazilian and Paraguayan lawmakers. As... 2009-09-04

Real GDP growth came in at -2.4% y-o-y in Q209. While this was the worst figure in 23 quarters, oil-fuelled government spending prevented a more intense collapse. Although we remain... 2009-08-24