Economic Progress

Venezuela’s economic decline is ‘sharper than the US Great Depression’

Flags of Venezuela (L) and the Central Bank are seen at the central bank building in Caracas February 10, 2015. Venezuela on Tuesday launched a new foreign exchange platform that will likely devalue the bolivar heavily in efforts to bolster state coffers amid tumbling oil revenue, but risks a spike in already soaring inflation. REUTERS/Jorge Silva (VENEZUELA - Tags: POLITICS BUSINESS) - RTR4P1ZW

Richardo Hausmann looks at the economic situation in Venezuela, and argues it's time for concerted support from the international community. Image: REUTERS/Jorge Silva

Ricardo Hausmann
Founder and Director, Growth Lab, Harvard University
Share:
Our Impact
The Big Picture
Explore and monitor how Economic Progress is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Economic Progress

Image: Bloomberg
Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Economic ProgressLatin AmericaCivic Participation
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

How can workers transition to green jobs?

Clarisa Diaz and Michelle Cheng

September 29, 2023

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum