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Ecuador inflation rate 4.16pc in 2012 QUITO: Ecuador's consumer prices rose 4.16 percent last year, the government of the South American OPEC nation said on Saturday, below its forecast of 5.14 percent.   That was lower than the 5.41 percent recorded in 2011, but above the 3.33 percent seen in 2010.   The success at keeping price increases in check was a big part of the country's robust economic performance last year.   Ecuador's economy is likely to have expanded by about 5 percent in 2012, President Rafael Correa said last month.   The growth has been supported by high oil revenues that let him boost state spending on infrastructure and welfare programs.   The socialist leader has said the inflation rate in 2013 should also be below 5 percent. In December 2012 consumer prices dipped 0.19 percent, the INEC statistics agency said, compared with a 0.40 percent rise during December 2011.   Center>Copyright Reuters, 2013 ...

Venezuela assembly meets amid Chavez health crisis CARACAS: Venezuela's National Assembly meets Saturday to elect its leadership in a session that also is expected to thrash out the country's political future as President Hugo Chavez battles cancer in Cuba.   The elections will be a key political test for its current leader Diosdado Cabello, the regime's number three and a perceived rival for power with Vice President Nicolas Maduro, Chavez's handpicked successor.   Both men have denied persistent reports of a power struggle between them and ...
Hundreds homeless, 2 dead, after heavy rains in Rio  RIO DE JANEIRO: Heavy rains triggered mudslides and flooding in Rio de Janeiro, leaving hundreds of people homeless and at least two dead, with more rainfall due to heighten the misery, officials said Friday.   Several rivers in Rio state's northern region overflowed and turned into torrents, destroying a bridge and leaving entire neighborhoods strewn with large tree limbs and other debris.   Ensuing landslides decimated shoddily-built homes, demolished streets and destroyed cars, many of them sinking head first ...
Chavez suffers lung woes as aides allege CARACAS: Hugo Chavez's top aides have gone on the offensive, accusing the opposition and media of waging a "psychological war," as Venezuela's cancer-stricken president battles a serious lung infection.   The closing of ranks followed a high-level gathering of top Venezuelan officials in Havana with Chavez, amid growing demands to know whether he will be fit on January 10 to take the oath of office for another six-year-term.   Information Minister Ernesto Villegas said late Thursday that a "severe ...
Brazil industrial recovery loses traction in November SAO PAULO: Brazilian industrial output shrank in November due to a slowdown in automobile production, suggesting that a mild recovery in the manufacturing sector remains vulnerable.   Output from Brazilian factories and mines contracted 1 percent in November from a year earlier, government statistics agency IBGE said on Friday, falling below the 0.8 percent decline forecast in a Reuters survey.   The data follows a 2.5 percent year-over-year rise in October, revised up from a previously-reported 2.3 percent on ...
US denies it is meddling in Venezuela transition  WASHINGTON: The United States on Thursday denied that it is meddling in a possible transition process in Venezuela amid growing demands for news about the health of cancer-stricken President Hugo Chavez.   Washington was in contact with "Venezuelans from across the political spectrum," State Department spokeswoman Victoria Nuland acknowledged, asked about reports that US officials had had talks with Venezuelan leaders.   But she insisted: "Any political transition that takes place in Venezuela has to be product of decisions ...
Venezuela opposition want CARACAS: Venezuela's main opposition movement called on the government Wednesday to tell "the truth" about President Hugo Chavez's health as one of his closest allies said his condition was "very worrying."   More than three weeks after undergoing his fourth round of cancer surgery in Havana, political pressures mounted in this oil-rich nation amid growing doubts about Chavez's condition and no clear succession process established should he die or become incapacitated.   The head of an opposition umbrella group, ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln