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Andean Group - June 2019

Maduro’s adjustment to the grim reality

Earlier this month Venezuela’s national assembly’s finance commission reported that inflation in May was an estimated 31.3% month on month and 815.2% year on year. The latest estimate brings accumulated inflation for the first five months to 905.6%. With no end in sight to ongoing political crisis in Venezuela, the economy is set to remain in critical condition.

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