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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