The Venezuelan economy has become a "slow-motion disaster," says COA Senior Policy Director Christopher Sabatini in an interview with CNN International. Inflation and the shortage of basic goods include some of the demonstrators' motivations, Sabatini explains. The annual inflation rate has reached 56 percent while economic growth remains near zero, he added. Meanwhile, the country's largest export–oil–is failing to draw investment, leading to a decline in production.
Tuesday, February 18, 2014