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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.
Venezuela's opposition had hoped an electoral victory would draw that young generation back home and reunite the families torn apart by their country’s crises. But as Maduro clings to power, the ...
The economic and political crisis brought about by a crash in the price of oil – a key export for Venezuela – combined with chronic corruption and mismanagement at the hands of government ...
States of emergency of Venezuela are sometimes declared. They were declared once in 2015 due to the 2015 Colombia–Venezuela migrant crisis , and again in May 2016 by the president Nicolás Maduro who suggested that there had been a plot to overthrow the Venezuelan government.
The crisis in Venezuela has resulted in the world’s largest mass migration in recent history: More than 7.7 million people have left the country since 2014, according to the United Nations High ...