US EditionVenezuela was promised an economic revival. But three months of minimum wage doesn’t add up to a single US dollar
Central bank data show annual inflation at 650% as wages lag and shoppers spend bolívars quickly on basics.
10 Articles
10 Articles
Venezuela was promised an economic revival. But three months of minimum wage doesn’t add up to a single US dollar
It is payday Friday, and a popular shopping mall located in eastern Caracas is packed. But while the hallways look full and the display windows are brightly lit and well-stocked, many people enter and leave empty-handed.
By CNN Español. It's payday Friday, and a popular shopping mall in Chacao, in eastern Caracas, is packed. But the scene is far from a time of peak consumer spending. Although the aisles are crowded and the display windows are brightly lit and well-stocked, many people come and go empty-handed. People walk around, look, compare prices, stop, but buy little. The exception is the store of a well-known international underwear brand, around which a l…
It's Friday, payday, and a well-known mall in eastern Caracas is full of people. Holes are crowded, windows are bright and well-stocked, but many visitors leave without...
This column was written by the guest columnist Fernando Dos Reis. There are economists who predict, without fear of being wrong, that the next Christmas will be the most prosperous in a long time for Venezuelans. As if the complexity of a country could be reduced to an injection of liquidity, as if it were enough to “put silver into the system” to correct a decade of collapse. The statement is not only simplistic; but it also ignores that those …
Coverage Details
Bias Distribution
- 87% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
