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Economy / Venezuela

Macroeconomic Forecast Venezuela

July 2011 | Macroeconomic Forecasts

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Bolivia's goods trade surplus increased by 13% y-o-y between January and May, to reach US$565mn. The value of exported fuels increased by 32% over this period, largely due to increases in global hydrocarbon prices, and although our core view remains that hydrocarbon production may begin to decline soon, elevated prices will make up for the shortfall in the interim