Recovery Prospects Remain Dim

BMI View: Q409 GDP data have confirmed our view that the Venezuelan economy will lag the rest of the region recovery-wise. Post-devaluation government pump priming notwithstanding, we believe that private consumption and investment will continue to sag in 2010, weighed upon by blistering inflation, continued power shortages and President Hugo Chávez's ongoing hectoring of businesses.

To read the full article, please choose one of the following options: