Venezuela economy to shrink 7-10 percent this year - Fedecamaras

Venezuela`s economy will contract between 7 and 10 percent this year, said the country`s main business chamber Fedecamaras, on Wednesday at the Reuters Latin American Investment Summit in Caracas.

The organization said a recently installed Constituent Assembly was not a solution to the OPEC country`s severe economic problems, adding it would deepen the crisis.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)