01-10-2013: Latin American Economy Business report
Economy & Business Report
The US ‘shutdown’ and Latin America
Venezuela has just suffered one Latin America’s longest power cuts.
Electricity supply across most of the country went down on 7 March. It
remained down or intermittent for the following seven days. It was not
until 14 March that the government was able to claim that some type of
normal service had been restored. Here we look at what may have gone
wrong and try to assess the economic costs and implications.
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