Chavez in Venezuela did not notice the world economic crisis.

The crisis of the global economy is not affected Venezuela even a hair, despite the drop in world oil prices. The statement was made by President Hugo Chavez in an interview with television Venevision, passes Bloomberg.
According to Chavez, gold reserves and the exchange rate helped the country prepare for a drastic reduction in the cost of oil. The President said that Venezuela's economy is "strong" and that all necessary measures to maintain its already taken.
It is expected that the GDP of Venezuela in 2009 to grow by 0.4 per cent compared with growth at 4.9 per cent in 2008, while expenditures will increase from 6,3 up to 31,4 billion dollars. When the price of oil, which occupies 93 percent of Venezuela's exports, fell from a record of July 2008 to 72 percent.
In January 2009, the cost of barrel of oil dropped below $ 40. According to Chavez, "fair" is the price of oil at 80-100 dollars a barrel.
It is also worth noting that the annual inflation rate in the Venezuelan capital Caracas early 2009 has exceeded 30 percent (from January to January), placing a record in Latin America (Central Bank of Venezuela since the beginning of 2008 has ceased to publish data on inflation for the whole country, because moved to a new method for statistical data processing).
February 15, 2009 in Venezuela to be held a referendum on amendments to the Constitution, which abolished restrictions on the number of consecutive presidential term. Now the President can send his powers no more than two consecutive terms. If the amendments are approved, you will be able to Chavez in 2013 to serve a third term.