Explainer: What is Going on in Venezuela?

venezula-crisisWhat’s going on in Venezuela?

Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The country currently has an inflation rate of 180 percent, but that’s expected to increase 1,642 percent by next year. The current unemployment rate is 17 percent, and the IMF projects it will reach nearly 21 percent next year.

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