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The Institute of International Finance (IIF) stated in March 2019 that "Venezuela's economic collapse is among the world's worst in recent history". [140] A chief economist of the IIF said the crisis resulted from "policy decisions, economic mismanagement, and political turmoil", saying it is on a scale that "one would only expect from extreme ...
Venezuela's economy has been in a state of total economic collapse since 2013. [35] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time. [36]
In its World Economic Outlook report, the IMF has provided inflation rate estimates between 1998 and 2019. In 2018, the annual inflation rate reached 929,790% and was expected to reach 10,000,000% by the end of 2019. [47] According to the October 2019 World Economic Outlook report, Venezuela's inflation rate of 500,000 is the highest in the world.
Preliminary data compiled by Venezuela's central bank shows the economy shrank by 16.6 percent in 2017 compared with the year before, two sources familiar with the matter said on Thursday, the ...
The political, social and economic crisis that has come to define their South American homeland has evolved since it began a decade ago as a result of a global drop in the price of oil, Venezuela ...
Venezuela's opposition wants to call a referendum on President Nicolás Maduro's term.
Venezuela's economy has been in a state of total economic collapse since 2013. [32] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time. [ 33 ]
Many young opposition supporters said they would leave the country if Maduro was re-elected, pointing to the devastating collapse of Venezuela’s economy and violent repression under his rule.