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Recession Looms Over Venezuela, Official Data Under Wraps

Venezuela has kept its economic growth figures under wraps this year but empty store shelves, closed factory gates and idled construction projects tell their own story - the economy is contracting and some sectors are in deep trouble. Private industry groups estimate that the construction and manufacturing sectors - both crucial to broader growth - shrank as much as 10 percent in the first half of the year. Retail sales chamber Consecomercio says sales fell about 50 percent during the...

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