Venezuela

Real GDP expanded 9.4% y-o-y in Q106, the 11th consecutive quarter of uninterrupted growth. Growth has been underpinned by a strong expansion of public expenditure, itself a function... 2006-08-11

President Hugo Chávez has undertaken a whirlwind global tour to drum up support for his country's bid for a non-permanent seat on the United Nations' Security Council. The US vehemently... 2006-08-11

The opposition parties that agreed to seek a unified candidate to stand against President Hugo Chávez in December have finally arranged to hold a primary election on August 13. The... 2006-07-14

Q106 balance of payments data were extremely strong - the current account surplus weighed in at a hefty US$7.5bn. This represented an impressive 59.3% increase on the first-quarter... 2006-07-14

Latest fiscal data reveal that government spending skyrocketed in 2005. The administration hiked official government spending by 43% last year, to VEB73.6trn (US$34bn), following... 2006-07-10

In mid-June, all the opposition candidates hoping to stand in the upcoming presidential elections were due to meet to discuss holding a primary to present a single, unified candidate... 2006-06-16

Relations between the US and Venezuela continue on their downward spiral. President Chávez has referred to a co-ordinated US 'plan against Venezuela,' and alluded on several occasions... 2006-06-14

BMI View: Consumer price inflation rose 1.6% m-o-m in May, a notable acceleration on April's increase of 0.6% m-o-m and the fastest monthly pace since May 2005. Agricultural crop... 2006-06-14

Fuelled by consumer demand and government spending buttressed by high world oil prices, the economy expanded by a very strong 9.4% year-on-year (y-o-y) in real terms in Q106, the... 2006-06-14

Venezuela's balance of payments position remains extremely healthy, given its booming current account. The current account surplus was down (on a quarterly basis) in Q405 at a still-healthy... 2006-05-19