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Latin American Economy & Business - September 2018 (ISSN 1741-7430)
Venezuela’s surreal red package
Venezuela’s descent into hyperinflationary chaos accelerated in August. A set of economic measures announced on 17 and 20 August, known as the ‘red package’, was intended to turn the economy around and put it on the path to recovery. But with analysts describing the measures as “incoherent” and even “surreal” there seemed little chance of a change in direction: subsequent announcements have caused additional uncertainty.
- Venezuela’s surreal red package
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- Brazil: Familiar but different
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