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Venezuela Declares 'Economic Emergency'

Venezuela's socialist government decreed an "economic emergency" on Friday and published the first data in a year showing the depth of a recession fueled by low oil prices and a sputtering state-led model. The central bank, which has been lambasted by critics of President Nicolas Maduro's government for hiding statistics since the end of 2014, said the South American OPEC nation's economy shrank 4.5 percent in the first nine months last year. Inflation soared in...

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