The price of growth

agosto 16, 2007

The price of growth

Aug 3rd 2007
From the Economist Intelligence Unit ViewsWire

Venezuela's government struggles with inflation

Venezuela's government continues to struggle to bring down inflation, which has been stoked by government spending and a liquidity-driven consumption boom. The monthly inflation rate dipped notably in July, but year-on-year inflation remains very high. We expect price pressures to resurge again, and annual inflation to remain in the double digits into the medium term.

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