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The regime prevented National Assembly directive to travel the to the Inter-Parliamentary Union meeting, in Russia

Friday, June 16, 2017

Venezuela: progressively worse, but hanging on


THE ECONOMIC situation in Venezuela has been rapidly deteriorating for over three years now, and Venezuela appears to be in a worse situation than ever before, as President Nicolas Maduro seems unable to avert social collapse, while battling to keep Petróleos de Venezuela SA (PDVSA) and its oil exports afloat. It is reported that inflation hit 800% at the end of 2016 and that the economy contracted by a staggering 19% on average in 2016. Shortages in food and basic medicine are now facts of life for most Venezuelans. More…

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