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November 20, 2008

Venezuela: not so bad off

A lot of reporters, including me, have reported that Venezuela could be facing a dire situation in 2009 with the sharp drop in oil prices.

A new analysis from a left-of-center think tank challenges that view. The report is not a surprise. The Center for Economic and Policy Research can usually be found defending Hugo Chavez. But the group is definitely worth listening to.

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jim wyss

Inside South America is written by Jim Wyss, the South America bureau chief for the Miami Herald and McClatchy Newspapers.

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