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Economy / Venezuela

Energy Crisis To Rock Support For Chávez

March 2010 | Economic Alert

BMI View: The dire shortage of electricity continues to wreak considerable economic damage in Venezuela, with intermittent blackouts making businesses' lives frustrating indeed. Although capacity-bolstering investments are in the pipeline we remain sceptical about the government's ability to close the supply-demand gap any time soon and expect the power-crisis to strengthen disenchantment with President Hugo Chávez ahead of September's legislative elections.

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