The desperate plight of Maduro’s Venezuela

 Hyperinflationary Venezuela is a record breaker of epic proportions. The economy has shrunk by almost a half in just five years. It suffers the highest annual inflation rate ever recorded in Latin America. To try to reverse this state of affairs, President Nicolás Maduro announced an economic package over the weekend. He claimed the measures would return “economic prosperity to the country”. There is little reason to believe him, and almost no Venezuelans do. Increasingly, they are fleeing the country. Their exodus already ranks as probably the largest forced displacement ever recorded in the western hemisphere. The world should be on watch. More…