Venezuela grapples with economic collapse
The modest recovery of recent years fails to mask Venezuela’s crisis: a shattered productive structure, poverty levels nearly three times the regional average, and profound inequality
The inauguration of Nicolás Maduro last Friday ushers in a new chapter for Venezuela, marked by deep socioeconomic wounds. The ongoing financial crisis — arguably the population’s greatest source of discontent — persists despite a modest reactivation of consumption. Crisis and political conflict remain intertwined, and after a decade of catastrophic governance and escalating tensions between the ruling party and the opposition, the Maduro government now faces an especially turbulent period.
