VENEZUELA, Venezuela — Venezuela’s economy is slowing and inflation has risen sharply, a sign that the country’s economic and political crisis is worsening, analysts said.The country’s benchmark currency, the bolivar, lost nearly half its value last month, and many Venezuelans are struggling to pay the soaring prices of basic goods, including food, medicine and toilet […]
Tag: economic news venezuela
Venezuela says $3.5B in US aid for rural communities will be spent soon
VENEZUELA (AP) Venezuela said Monday it will spend $3 billion on economic aid for Venezuela’s rural communities, a move that could boost the country’s cash flow as it struggles with an economic crisis and spiraling food prices.Venezuela’s president, Nicolás Maduro, said in a statement that the country would spend $2 billion on food, medicine, water, […]
What you need to know about the state of Venezuela’s economy
The Venezuelan economy is facing a huge economic crisis.As of last month, it has contracted by 8.4 percent since its peak of $1.2 trillion in 2016.That’s the worst in the world.The country is also facing a severe economic crisis that will likely lead to its bankruptcy, according to a report released Tuesday by the World […]
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