A United Nations official from the Food and Agriculture Organization (FAO) Tuesday announced famine in Latin America and the Caribbean had increased at a higher rate compared to other regions in the world during the COVID-19 pandemic.
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.