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Venezuela's President Nicolas Maduro gestures during a news conference at Miraflores Palace in Caracas December 30 Cheap Niklas Hjalmarsson Jersey , 2014. Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and Maduro's socialist government blamed political foes for the dismal data. REUTERS Venezuela confirmed Tuesday that it has entered recession, while annual inflation topped 63 percent, exacerbating the outlook for an economy already hit by crippling shortages and crashing oil prices.

The South American oil giant's economy shrank 2.3 percent in the third quarter, after contracting 4.8 percent in the first quarter and 4.9 percent in the second Cheap Artemi Panarin Jersey , the central bank said, the first time it has released the country's growth figures this year.

That is a new blow for leftist President Nicolas Maduro, whose approval rating is at a low of 24 percent going into legislative elections next year that could force the followers of late socialist firebrand Hugo Chavez from power for the first time since 1999.

Analysts had said for months that Venezuela was likely in recession.

But the diagnosis had not been confirmed by official statistics, which the central bank, in violation of its own rules Cheap Marian Hossa Jersey , has released only irregularly as the economy has worsened in recent months.

The inflation rate, a figure that had not been released since August, came in at 4.7 percent for the month of November and 63.6 percent for the year -- among the highest in the world.

Maduro's government has introduced mandatory price cuts and rent controls in a bid to rein in the increases but has not managed to get the inflationary spiral under control.

- Severe shortages -

The problem has been aggravated by severe shortages of basic goods.

Venezuela is estimated to have the largest oil reserves in the world but depends largely on imports for basic goods, including food and medicine.

Venezuelans can buy gasoline cheaper than bottled water but currently struggle to find milk, flour Cheap Gustav Forsling Jersey , cooking oil, toilet paper, deodorant, shampoo and other products.

The shortages helped fuel violent protests against Maduro's government from February to May in which 43 people were killed.

The central bank said the protests "prevented the proper distribution of basic goods to the population and the normal production of goods and services."

It blamed the demonstrations for an "economic reversal and a fall in economic activity."

Price increases were the sharpest for housing, food and alcoholic beverages Cheap John Hayden Jersey , and restaurants and hotels, it said.

The central bank has not published the index that measures scarcity since March, when it found that 19 categories of key products were experiencing "serious supply problems."

Falling crude prices have taken an added toll on a country that gets 96 percent of its foreign currency from oil.

According to Maduro, Venezuela's oil export price has plunged from $95 a barrel in September to $48 today.

He accused the United States of waging an "oil war" to hurt major crude producers including Venezuela and Russia.

A boom in shale oil in the United States has upended the world market, causing crude prices to hit a string of five-year lows in recent weeks.

Producers' cartel OPEC added to the downward momentum last month by ruling out a production cut -- a decision pushed through by wealthy Gulf states over Venezuela's furious opposition.
Reinhold Messner Cheap Ryan Hartman Jersey , is described and will be referred to as the best climber for he was the very first person to overcome all the 14 independent mountains on earth that are more in height over the sea level. He is also credited with scaling a number of the eight thousanders more than one time. The names are:

Name of Mountain - State
Mount Everest - Boundary of China Tibet and Nepal
K2 - PakistanChina
Kangchenjunga - NepalIndia
Lhotse - ChinaNepal
Makalu - ChinaNepal
Cho oyu - ChinaNepal
Nepal
Manaslu - Nepal
Pakistan
Annapurna I - Nepal
ChinaPakistan
ChinaPakistan
Gasherbrum II - ChinaPakistan
Shishapangma - China

He is better recognized as the mountaineer who climbed Everest along with Peter Habeler without alternative use of oxygen bottles. In 1980, he alone climbed up Mount Everest without supplemental oxygen. Till the time he became successful and made his climb, all physicians were of the same perspective a human being cannot live in areas without using alternative oxygen.

Though he became renowned, he ardently recommended the usage of a different kind of mountaineering in the 1960s known as "Alpine kind of mountaineering." Alpine fashion strongly advocates the use of light weight gear and some or no support of the porters (generally Sherpa porters in the Himalayan region).

In 1972, Manaslu climbed on although the expedition lost two of its climbers.

In 1979 Cheap Brandon Saad Jersey , he was the leader of a bunch of six guys to the top of K2, the second tallest mountain on earth. In 1981, Shishapangma had climbed. In 1982, the had climbed Kanchenjunga and Broad Peak. In 1983, he ascended on Cho Oyu and in 1984 he made the climb of two summits Cheap Artem Anisimov Jersey , Gasherbum I and II. Dhaulagiri and Annapurna in 1985 and Makalu in 1986, the finished the last 8000 peak, Lhotse thus becoming the first guy to have climbed all peaks which had height more than 8000 feet. Although Gasherbum I he'd already conquered in 1975.

Other than climbing high summits, he also formed a mark as traveller when another German Arved Fuchs and he became the first people to travel by foot but across machines or South Pole devoid of creatures. Though the space was more than 1500 miles, they completed it on skis in 92 days. The other achievement was the solo trek where he covered the Gobi desert in the year 2004 across Mongolia.
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