Despite simmering social unrest, the weak opposition has no real plan for how to harness protest to force the government out of office. The president, Nicolas Maduro, appears secure in the short term.
The public finances will remain opaque, with a large share of revenue and expenditure being channelled off-budget into parallel funds used at the government's discretion and without any institutional oversight.
Despite corrective measures to boost the external accounts, low oil prices will push the current account into deficit in 2015, before a gradual recovery later in the forecast period. Foreign-exchange reserves will continue to fall.

Highlights 7

Political outlook 8

Economic policy outlook 9

Economic forecast 10

Annual data and forecast 14

Quarterly data 15

Monthly data 16

Annual trends charts 17

Monthly trends charts 18

Comparative economic indicators 19

Basic data 20

Political structure 21

Politics 22

Economy 33

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