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Latin American Economy & Business - August 2016 (ISSN 1741-7430)

Venezuela: Microeconomics: How to survive the crisis

Much has been written about Venezuela’s macroeconomic crisis – with oil prices still low and economic policy chaotic, this year the country will have one of the world’s deepest recessions and one of its highest rates of inflation (-8.0% and 481.5% respectively, as projected by the IMF). What do people do to survive?

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