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Venezuela's Economic Crisis: Issues for Congress

Venezuela's Economic crisis : Issues for Congress Rebecca M. Nelson Specialist in International Trade and Finance January 10, 2018. Congressional Research Service 7-5700. R45072. Venezuela's Economic crisis : Issues for Congress Summary Venezuela's Economic crisis : Overview venezuela is facing a political crisis under the authoritarian rule of President Nicol s Maduro, who appears to have continued to consolidate power over the political opposition in recent months. Underpinning Venezuela's political crisis is an Economic crisis . venezuela is a major oil producer and exporter, and the 2014 crash in oil prices, combined with years of Economic mismanagement, hit Venezuela's economy hard. Venezuela's economy has contracted by 35%. since 2013, a larger contraction than the United States experienced during the Great Depression. venezuela is struggling with inflation, shortages of food and medicine, substantial budget deficits, and deteriorating living conditions with significant humanitarian consequences.

Jan 10, 2018 · crises that affect U.S. economic interests. This report analyzes the economic crisis in Venezuela, arguably the most acute crisis in the global economy today, including the causes, policy responses by the government, and recent developments. The report also examines how the crisis affects U.S.

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  Economic, Issue, Causes, Congress, Crisis, Venezuela, Issues for congress, Venezuela s economic crisis

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