By SIMON CONSTABLE
Venezuela’s human-made economic calamity just took a turn for the worse. The country’s national debt is now almost double the level of the GDP. At the end of the second quarter, total borrowing hit 198.4% of GDP, up from 102.8% a year earlier, according to a recent report from the Washington D.C.-based think tank, the Institute of International Finance. Read more here.
Venezuela’s human-made economic calamity just took a turn for the worse. The country’s national debt is now almost double the level of the GDP. At the end of the second quarter, total borrowing hit 198.4% of GDP, up from 102.8% a year earlier, according to a recent report from the Washington D.C.-based think tank, the Institute of International Finance. Read more here.
Sinking Ship
Photo by Felipe Labate on Unsplash
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