Coronavirus Comes To Venezuela
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Description
Venezuela's economy was already struggling, for a variety of reasons. The coronavirus pandemic couldn't have struck at a worse time. Now the country's economy is on life support.
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According to a government report released this week, Congress has until 2033 to fix Social Security before retirees receive an automatic benefit cut of about 21%. This is a more optimistic estimate from a previous report that stated the Social Security Trust Fund would run dry sooner, but it...
Published 05/09/24
Published 05/09/24
Back in 2019, The Indicator started checking in on with a Venezuelan economist Gabriela Saade. The economy was in freefall. The country was suffering from hyperinflation and a huge jump in poverty. Today, the U.S. faces a spike in migrants at the U.S.-Mexico border, many from Venezuela. So we...
Published 05/09/24