Nicolas Maduro

Congressional Elections in Venezuela Could Lead to More Chaos

April 26, 2016

2015 has been a difficult year for Venezuela, with falling oil prices and a tumbling economy, inflation has risen to 100% and there are constant shortages of basic goods.2 People have been taking to the streets to protest the government and its handling of the crisis, which in many instances it refuses to acknowledge. President Nicolás Maduro, who is a member of the same socialist party as his predecessor Hugo Chávez, has not been managing the various crises well.

Venezuela Suffers at the Helm of Lower Gas Prices

Recently, Venezuela's black market economy has been “booming,” or rather, has been able to supply basic goods to consumers that the government no longer supplies on a regular basis. The economic crisis in Venezuela, which has brought on shortages of food and other goods, has become normal for citizens, but recently President Nicolás Maduro declared an economic state of emergency.

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