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Economy & Business - November 2021

VENEZUELA: Some signs of recovery

After eight years of recession and hyperinflation, there are some signs that the Venezuelan economy may be near to rebounding from its catastrophic decline. Concrete data is still hard to obtain, with the government failing to release various figures, but the country is widely believed to have lost over 70% of its GDP since 2013, when President Nicolás Maduro came to power. However, several national and international reports are now predicting either a smaller economic contraction than in previous years, or even a slight year-on-year recovery, by the end of 2021.

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