MercoPress, en Español

Montevideo, November 18th 2018 - 22:48 UTC

Venezuela's economy contracted a massive 16.5% in 2016, admits government

Saturday, December 23rd 2017 - 10:14 UTC
Full article 1 comment

Venezuela's economy shrank a massive 16.5% in 2016, according to an official government filing to the US Securities and Exchange Commission (SEC). The oil-rich but impoverished country attributed the collapse to a contraction of 9.9% in the oil sector and 16.1% in the non-oil economy. Read full article

Comments

Disclaimer & comment rules
  • Jack Bauer

    If the VZ government has “admitted” to a retraction of 16,5%, it is because it is more likely double that figure. Confess to a lesser crime to get away with a bigger one.

    Dec 23rd, 2017 - 09:10 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!