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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 Venezuelan political crisis refers to 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.
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.
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.
Maduro is evoking Washington's bloody history of interference in the region — but the situation in Venezuela today is rather different
The U.S. has seen huge migration shifts from the crisis in Venezuela: According to a Pew Research Center analysis, there were an estimated 640,000 Latinos of Venezuelan origin living in the U.S ...
Neuman stated "I’m excited to work with David and Kip on a project that will shine a light on the tragic crisis in Venezuela and the suffering of ordinary people there. ... Venezuela is a cautionary tale for showing how extreme political polarization can be used to gain and hold onto power, while tearing down the institutions that make ...