How Venezuela Should Think About Reopening Its Economy
How Venezuela Should Think About Reopening Its Economy
Nicolás Maduro has little fiscal and political room to maneuver as scarcity and food insecurity worsen.
This article is part of a continuing series on Latin America's fiscal response to COVID-19 CARACAS – If COVID-19 lockdowns have brought economic pain to countries like Peru and Colombia, the same goes double for Venezuela, where strict quarantine measures starting in March shut down an economy already suffering from hyperinflation, high levels of unemployment and a seven-year recession The impact on everyday lives has been immense – from a rise in food insecurity, to the collapse of public services such as electricity, gas and water, to a grave lack of basic goods In a country...
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