Friday, October 28, 2016

People in Venezuela struggle to afford basic goods


 One of the most visible consequences of Venezuela's steep recession has been a lack of food in the country's shops. The government has long attempted to make essential goods affordable to the poorest by forcing retailers to sell many products at regulated prices. But that effort has helped fuel a black market. Authorities now appear to be trying a new strategy. CCTV's Stephen Gibbs reports from Caracas. For the past two years, this has been an image of Venezuela. Longs queues, outside shops selling price-controlled goods and inside, empty shelves. Products, when available, are bought up within hours, and often then resold on the black market. But in the last few weeks something has changed. More…

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