Venezuela’s Awful Economy Got Even Worse in 2016
Still, when and if the numbers do come in, they’ll likely confirm a collapse that’s almost unprecedented outside wartime. The government has long since halted regular publication of GDP figures, maintaining radio silence since February. But the International Monetary Fund’s estimate, of a 10 percent contraction, would make Venezuela the world’s worst economy last year — and that’s toward the optimistic end of the spectrum. Private economists put the drop at as much as 15 percent …. https://www.bloomberg.com
Source: http://luismmx.blogspot.com/2017/01/venezuelas-awful-economy-got-even-worse.html
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