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Weekly Report - 7 May 2015 (WR-15-18)
VENEZUELA: The ‘revolcón’ rolls over
The ‘Revolcón Económico’, a package of new economic measures due to be unveiled by President Nicolás Maduro on Labour Day, failed to materialise. It was “pure fiction, yet another lie, another show”, the most prominent leader of the opposition coalition Mesa de la Unidad Democrática (MUD), Henrique Capriles Radonski complained, accusing the government of doing absolutely nothing to address Venezuela’s severe economic crisis. The International Monetary Fund (IMF) now expects the country’s GDP to contract by 7% year-on-year in 2015.
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