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Venezuelan real salary has fallen 89.9% by March

Monday, January 23, 2017

This can't last too much longer in Venezuela

No government can survive these kinds of growth numbers The IMF cuts its 2016 Venezuela growth forecast to -12% from -10%. For 2017, they now see a GDP at -6% compared to -4% previously. Whenever the government comes crashing down in Venezuela, it's going to have some repercussions in the oil market. At this point, it might be an upside risk to production after the initial trouble. The country is producing about 2.15 mbpd from a peak of almost 3 mbpd in early 2014. More…

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