UPDATE 1-Venezuela confirms recession, inflation hits 63.6 percent in Nov
(Adds central bank statement, comment by opposition leader, data)
By Andrew Cawthorne and Diego Ore
CARACAS Dec 30 (Reuters) - Venezuela entered a recession in 2014, with the economy shrinking in the first three quarters, the Central Bank said on Tuesday, blaming political opponents for the dismal figures.
In a statement, the bank said GDP contracted 4.8 percent in the first quarter, versus the same period of last year, then it fell a further 4.9 percent in the second quarter and shrank 2.3 percent in the third quarter.
The statement added that 12-month inflation, which is the highest in the Americas, reached 63.6 percent in November.
The central bank statement, confirming an economic contraction widely forecast by analysts, came just before President Nicolas Maduro was about to start a news conference in which he was expected to announce economic changes.
Venezuela's socialist government blames political opponents, who protested in the streets for four months earlier this year, for damaging the South American OPEC nation's economy. The protests resulted in violence that killed 43 people.
"These actions against public order blocked the correct distribution of basic goods to the population, as well as the normal development of production of goods and services," the bank statement said.
"This resulted in an inflationary spike and a fall in economic activity." Continuación...