Venezuela’s Shattered Post-Quakes Economy
The twin earthquakes are reshaping the economic outlook and upping pressure for new political agreements, two experts write.
CARACAS—Barely three weeks ago, the debate over Venezuela’s economy focused on how fast it was expected to grow this year — 6%, 8%, or 10%. The unfathomable human tragedy caused by the June 24 twin earthquakes upended that optimistic outlook. The key questions now are what challenges might arise from the dire new circumstances, and what the country must do next. Before the disaster, 2026 growth projections stood at around 8%, driven by higher oil production, greater access to hard currency, a gradual stabilization of the exchange rate—slower than expected, which had...
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