VENEZUELA
February 1st, 2007
BY RACHEL JONES, in CaracasVENEZUELA'S economy, fueled by its vast oil wealth, has grown by about 9% in 2006, making it one of the fastest-growing in Latin America, resulting in increased consumption and production of paints and coatings. However, the boom has not been all good news for the sector, it has also caused problems related to inflation and currency controls, specifically in regards to the importation of primary materials for production.Venezuela is the world's fifth largest oil exporter. And despite attempts to diversify, oil revenues still account for ...
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