US EditionVenezuela Inflation Hits 600% Despite Recovery Promises
Inflation surged to 600% in February due to dollar shortages and a 21% drop in oil production, while 80% of Venezuelans report no financial improvement, IMF says.
7 Articles
7 Articles
Economic recovery promised after the capture of Nicolas Maduro has not yet reached the families in Venezuela
Venezuela Inflation Hits 600% Despite Recovery Promises
Key Points — Annual inflation in Venezuela accelerated to approximately 600% in February, up from 475% in December, as the bolívar continues to depreciate and dollar shortages worsen two months after Maduro’s capture — Oil production fell 21% in January to 780,000 barrels per day, limiting the dollar inflows that the economy depends on, while […] The post Venezuela Inflation Hits 600% Despite Recovery Promises appeared first on The Rio Times.
The Trump administration promised economic prosperity to Venezuelans after removing Nicolás Maduro from power. However, life has only been complicated in the two months since then. Read more
News of the Day and the Hour Latest News of the day The Trump administration promised economic prosperity to Venezuelans after removing Nicolás Maduro from power. However, life has only been complicated in the two months since then. by Bloomberg The country's oil production fell 21% to 780,000 barrels per day in January and exports plummeted, limiting the flow of dollars—so necessary—that many Venezuelans use instead of the local currency, whic…
Two months after Nicolás Maduro’s departure, the Venezuelan economy continues to deteriorate. Inflation accelerates, the bolívar loses value and the scarcity of dollars complicates Washington’s promise of recovery.
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