Venezuelan President Nicolas Maduro (R) presents the annual report before the opposition controlled National Assembly near the head of the Venezuelan Supreme Court Gladys Maria Gutierrez (C) in Caracas on January 15, 2016. Venezuela's President Nicolas Maduro decreed a two-month state of "economic emergency" Friday, seizing the initiative ahead of a key showdown in his standoff with the opposition in the oil-rich nation. Venezuela's economy contracted 4.5 percent in the first nine months of 2015, the central bank said Friday, the first official data in more than a year on the magnitude of the South American oil giant's recession. AFP PHOTO / JUAN BARRETO / AFP / JUAN BARRETO        (Photo credit should read JUAN BARRETO/AFP/Getty Images)