Venezuela's Economy Down 29 Percent In First Quarter

CARACAS, VENEZUELA - MAY 21: Hillside slums are shown May 21, 2003 in Caracas, Venezuela. The Central Bank reported May 23, 2003 Venezuela's economy is down 29 percent in the first quarter, a record collapse due in part to an anti-government strike and strict currency controls. The country's oil industry, which makes up for half of government revenues, fell 46.7 percent. (Photo by Kimberly White/Getty Images)