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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
Venezuela's recent elections were marred by accusations of fraud and voter suppression, and the results have sparked strong reactions from the far right and far left of American politics. The U.S ...
CARACAS, Venezuela (AP) — The future of Venezuela is on the line. Voters will decide Sunday whether to reelect President Nicolas Maduro, whose 11 years in office have been beset by crisis, or allow the opposition a chance to deliver on a promise to undo the ruling party's policies that caused economic collapse and forced millions to emigrate.
The Biden administration's shift to a more pragmatic and strategic approach to Venezuela's opposition has allowed for the recognition of opposition leaders and the imposition of sanctions on ...
But Maduro endured and the economic and humanitarian crisis in Venezuela worsened. As a result, the U.S. has seen an increasing number of Venezuelans show up on its borders. ... For example, the ...
Why? Because he is scared of being recalled." [3] In the lead up to the declaration, United States intelligence officials told reporters that they were worried about an economic and political crisis in Venezuela, predicting that Maduro would not complete his presidency. [1] They added: "You can hear the ice cracking. You know there's a crisis ...