With 68% inflation, the highest across the
globe, Venezuela comes in just ahead of war-torn Sudan and heavily-sanctioned
Iran. U.S. companies like Ford and Pepsi are quickly losing profits there due
to inflation. U.S. airlines have drastically reduced their flights to the capital,
Caracas. Some European airlines have already stopped flying there altogether. Here
are five reasons why Venezuela's economy is spiraling down. Political
instability: The Venezuelan government, led by Nicolas Maduro, who succeeded
Hugo Chavez after his death, has become increasingly authoritarian. More…Monday, February 23, 2015
Five reasons why Venezuela may be the world's worst economy
With 68% inflation, the highest across the
globe, Venezuela comes in just ahead of war-torn Sudan and heavily-sanctioned
Iran. U.S. companies like Ford and Pepsi are quickly losing profits there due
to inflation. U.S. airlines have drastically reduced their flights to the capital,
Caracas. Some European airlines have already stopped flying there altogether. Here
are five reasons why Venezuela's economy is spiraling down. Political
instability: The Venezuelan government, led by Nicolas Maduro, who succeeded
Hugo Chavez after his death, has become increasingly authoritarian. More…
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