Venezuela: The world’s worst-performing economy

Of all the oil rich countries, Venezuela is in the financial crisis. After the death of its President Chavez, Venezuela is sliding down on the economic scale.

With hyperinflation so severe that people have to carry backpacks stuffed with cash to the local supermarket, it’s no surprise that Venezuela – a country which is in its worst shape since World War II – is the world’s worst-performing economy. Across the oil- rich South American country , chronic power outages, crumbling infrastructure and severe…

  • gauri

    it is one informative piece about the economic condition of venezuela.