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Economic issues to overshadow Venezuelan politics in the New Year


Economic issues to overshadow Venezuelan politics in the New Year

Report summary

One year after the opposition took control of the National Assembly nearly all the original optimism for a political transition towards more pro-business policies has faded. In the final quarter of 2016, the opposition lost its momentum and authorities formally closed the door on a presidential recall referendum. It now appears the ruling United Socialist Party of Venezuela (PSUV) could feasibly remain in power until elections in late 2018. Nevertheless, economic conditions have deteriorated and hyperinflation will stoke civil unrest in the New Year. Prolonged civil discontent could drive a political transition, but all eyes are on the military which has remained loyal to the government.  As the economy worsens, the risk of sovereign default will persist despite the re-profiling of some Venezuelan debt.

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Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Executive summary
  • Opposition losing steam

In this report there is 1 table or chart, including:

  • Executive summary
  • Opposition losing steam
    • Bolivar black market rate (Bs. per USD)
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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