Venezuela's central bank on Thursday
released long-awaited data showing the depth of the OPEC country's recession, a
day after President Nicolas Maduro announced a package of measures seen as
insufficient to salvage the unraveling economy. The bank reported that
Venezuelan inflation hit 180.9 percent in 2015, one of the highest rates in the
world, while the economy contracted 5.7 percent. The data showed the depth of
Venezuela's crisis and raised the prospect new measures may hurt Venezuelans
without significantly improving finances in a country already facing shortages
of basics like milk and medicines.More… 
Friday, February 19, 2016
Tough road for Venezuela after dire data, inadequate measures
Venezuela's central bank on Thursday
released long-awaited data showing the depth of the OPEC country's recession, a
day after President Nicolas Maduro announced a package of measures seen as
insufficient to salvage the unraveling economy. The bank reported that
Venezuelan inflation hit 180.9 percent in 2015, one of the highest rates in the
world, while the economy contracted 5.7 percent. The data showed the depth of
Venezuela's crisis and raised the prospect new measures may hurt Venezuelans
without significantly improving finances in a country already facing shortages
of basics like milk and medicines.More… 
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