Bloomberg

Maduro's reluctant reforms may halt Venezuelan economic freefall

Nicolas Maduro, Venezuela's president, speaks during an interview in Caracas on June 13, 2021. Foto: Bloomberg/Gaby Oraa

After the worst economic collapse in modern history, Venezuela's economy may finally have hit bottom.

The hyperinflation of years past is still, well, hyper, but it has moderated dramatically from levels that exceeded hundreds of thousands of percentage points a year. And President Nicolas Maduro is confident that output, which has contracted by about 80% since 2012, will expand slightly in 2021, a forecast shared by some private analysts...

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