Venezuela’s economy is in deep trouble and is likely to continue to decline for decades, according to a new study.
The economic crisis gripping Venezuela is expected to worsen further as the government fails to implement reforms and implement monetary reforms, according the latest research from the Economic Policy Institute (EPI).
According to the study, the Venezuelan economy is now facing a “world’s largest” economic downturn, and that the country could see the collapse of the entire system.
In the study released Monday, the EPI researchers analyzed the country’s economic situation and concluded that the economic crisis is likely “world-leading” in terms of its severity and impact on the Venezuelan population.
“The economic situation in Venezuela is dire, and it’s likely to worsen,” the report’s lead author, David Blitzer, said in a statement.
“The economy will suffer, the population will suffer and the political system will suffer.
This will happen because the Venezuelan government has been unable to implement its economic reforms and has been forced to resort to harsh measures to contain the economic pain.”
In a country with one of the highest rates of malnutrition and chronic shortages, Venezuelans are expected to live a life of poverty.
The country’s population of 4.5 million people is nearly double that of Argentina, the fifth-largest economy in the world, according Toilets are in short supply and children are often left to fend for themselves, with some even going hungry.
The crisis is expected for years to come.
According to the World Bank, the country has lost over a third of its value-added since the beginning of the economic collapse, a process which could take years to reverse.
A key reason for the collapse is that Venezuela has been one of Latin America’s largest exporters of oil, a fact that has meant that the price of oil has soared.
This has allowed the country to maintain the purchasing power of its currency, the bolivar, which is considered the world’s reserve currency.
The report found that in 2017, oil production was up only 5.3 percent from the year before, and in 2018, the total output was down 7.6 percent, compared to the previous year.
The EPI estimates that Venezuela is projected to have a GDP of $14.5 billion in 2020, an amount equal to more than $4 trillion.