Economist Pedro Palma said Venezuela's inflation rate could be between 180% and 200%. He warned that people will cut spending ...

Reduced to a marginal oil producer over the past decade, Venezuela has suffered another blow as United States president Donald Trump ordered punitive measures to blockade and further restrict the ...

As Venezuela’s economy crumbled under hyperinflation, oil dependency, and sanctions, nearly 8 million people fled the country. Despite widespread protests and international condemnation ...

Venezuela's perennial hyperinflation has caused a sharp drop in the economy with a huge impact on demand, in addition to jobs and wages. According to International Monetary Fund (IMF) projections ...

MARACAIBO, Venezuela (AP ... Those government measures helped end a yearslong cycle of hyperinflation, which had reached 130,000% in 2018. Gross domestic product grew 8% in 2022, according ...

Venezuela's state-owned PDVSA oil giant was ... as Venezuelans fear falling oil revenue will trigger another bout of hyperinflation and a return to the kind of deep recession the country ...

Venezuela’s authoritarian socialist government ... That turmoil and deepening repression led 7.8mn Venezuelans to flee. To tame hyperinflation, the government adopted orthodox economic reforms ...