As Venezuela’s opposition contests the re-election of President Nicolas Maduro, we take a closer look at the South American country’s economic challenges. Hyperinflation, which reached a peak in 2019, may have subsided but it has underlined issues with wealth inequality and dependence on the oil sector. In addition, Caracas is carrying a massive foreign debt load of around $150 billion.
Related Posts
I deposited a total of R2 400 000.00 into Banxso Trading accounts during October 2023. Numerous trades were conducted
- Jaison Hung
- February 15, 2024
- 0
Customer: I deposited a total of R2 400 000.00 into Banxso Trading accounts during October 2023. Numerous trades were conducted with losses and profits with the […]
Trump taps Musk and Ramaswamy to lead ‘Government Efficiency’ effort
US President-elect Donald Trump has announced that SpaceX CEO Elon Musk and one-time presidential hopeful Vivek Ramaswamy will lead a new “Department of Governmental Efficiency”. […]
Trade tensions rise as EU, China impose tariffs
Global trade tensions are heating up, as China announces new tariffs on imports of European brandy. The move follows the EU decision to raise tariffs […]