Venezuela's economy is in freefall. It's probably the worst in the world — literally. The country tops Bloomberg's "Economic Misery Index," which looks at measures including inflation and ...
You can view the data and make your own comparisons here. RELATED: In Venezuela, Socialism Is Killing Venezuelans Socialism, as I have written at some length, is a different beast entirely.
Venezuela’s economy, which has contracted by nearly 60 percent since 2013, is experiencing hyperinflation at a rate of 10 million percent. The combination of hyperinflation and the collapse of ...
The collapse of the currency is aggravated by oil’s low price—Venezuela can no longer count on its oil exports’ bringing back enough dollars, which means it can’t import enough goods to ...
Venezuela's Margarita island, once dubbed the "Pearl of the Caribbean", is now littered with abandoned hotels, many shops stand empty, and there are regular power outages. The country's economic ...
Venezuela once boasted Latin America's richest ... mismanagement and high levels of debt have seen the country's economy collapse. President Chávez took advantage of the oil boom in the 2000s ...
But Venezuela's economic collapse, high crime rates and growing international isolation in the wake of bitterly disputed elections have caught up with the island of 500,000 people. Men sit on the ...