Friday, April 27, 2007

UPDATE 1-Venezuelan economy grew about 7 pct in 1st quarter

(Reuters) - The Caribbean OPEC nation's economy is growing fast on the back of bumper oil prices and the president's generous social spending. Venezuelan crude averaged $59.21 per barrel in the last week.

"Although the official figures have not been published, we now have very solid figures. Our economy has grown about 7 percent in the first quarter of 2007," he told a crowd in the central state of Guarico.


Read more at Reuters.com Economic News

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