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Venezuela Business - Page 2

Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84%:

Venezuela's budget deficit is 16% of GDP, the worst in the world. Inflation is running at a white-hot 63%, also the worst in the world. The economy is heavily subsidized, but now the money for the subsidies is running out. Ref. Source 2

Business Venezuela

Venezuela recession confirmed as Maduro attacks US 'oil war':

The Venezuelan economy is now officially in recession after the central bank released figures showing that it has been shrinking all year. The bank said the economy had declined by 2.3% in the third quarter of 2014. Ref. Source 3

Venezuela Business History & Civil Business Politics

President Correa: Economic War in Venezuela Echoes Chile Coup;

Ecuadorean President Rafael Correa has compared the current economic war against the Venezuelan government to what happened in Chile in the early 1970s, which led to the toppling of socialist President Salvador Allende. Ref. Source 2

Page 2 Business Venezuela

Venezuela to get South American help for food crisis:

Foreign ministers from 12 South American nations gathering in Caracas have promised to help Venezuela overcome an ongoing shortage of food, medicine and other products. Ref. Source 2

Business Venezuela

Venezuela to Increase Social Spending despite Economic Slowdown:

President Nicolas Maduro emphasized the gains made in the country through social spending and announced changes to the currency exchange system. Ref. Source 7

Venezuela Business

Name: Consuelo
Country:

Comments: The economy of Venezuela is very bad. We stand in line for simple things like flour, rice, oil and sugar. We are in need of better in Venezuela

Venezuela Business - Page 2

The Venezuelan economy is in shambles with 100% inflation and a scarcity of food. People are lining up in long lines just to get a little food. They could swallow some pride and ask for help but I doubt they will do that. Maybe this is making the situation ripe for an overthrow of government.

Venezuela Business Politics Business Civil & History - Page 2

Venezuela Receives US$5 Billion Loan from China:

The most recent loan comes as President Maduro visited Beijing last January in which he secured US$20 billion in investment from China in support of social and infrastructure projects. Ref. Source 7g