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Venezuela recession confirmed as Maduro attacks US 'oil war' [View all]
http://www.bbc.com/news/world-latin-america-30638770The Venezuelan economy is now officially in recession after the central bank released figures showing that it has been shrinking all year.
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He accused the United States of flooding the markets with oil as part of an economic war against Russia.
The central bank also said inflation had reached 63.6% in the 12 months to November, one of the highest rates in the world.
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He said his country was suffering the consequences of an economic war launched by US President Barack Obama "to destroy" the oil producers' cartel, Opec.
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