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. AFP PHOTO/JUAN BARRETO Nicolás Maduro, Venezuela’s socialist president, pledged to reform tight currency controls as part of a package to revive an oil-dependent economy that is officially in recession trampled by policy paralysis and falling crude prices. “We are going to perfect the currency system,” said Mr Maduro, adding that the details would be revealed in the new year, after putting the blame of the fall in global crude prices on a US-led plan to destabilise Venezuela and, its ally, Russia. Political opponents counter that the anointed successor of the late Hugo Chávez, had stalled on the reforms the Opec country […]