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Venezuela economy to shrink 7-10 pct this year -Fedecamaras

CARACAS, Aug 9 (Reuters) - Venezuela's economy will contract between 7 and 10 percent this year, said the country's main business chamber Fedecamaras, on Wednesday at the Reuters Latin American Investment Summit in Caracas.

The organization said a recently installed Constituent Assembly was not a solution to the OPEC country's severe economic problems, adding it would deepen the crisis. (Reporting by Deisy Buitrago.; Writing by Girish Gupta; Editing by Hugh Bronstein and Chris Reese)