Venezuela’s economic measures too little too late

The move by Venezuelan policymakers to devalue the official exchange rates and raise fuel prices will help to ease the pressure on the public finances, but the measures fall chronically short of what is needed to close the country’s huge budget deficit. More fundamentally, the measures will do almost nothing to alleviate the economy’s acute balance of payments crisis.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.