IMF: Venezuela will have the worst recession of any country this year

Global Business

IMF 2

The International Monetary Fund is forecasting that Venezuela’s economy will contract by 10 percent this year – the deepest recession of any country in the world.

Venezuelans are feeling the crunch on many fronts. CCTV America’s Stephen Gibbs reports from Caracas that even cash reserves are running low.

IMF: Venezuela will have the worst recession of any country this year

IMF: Venezuela will have the worst recession of any country this year

The International Monetary Fund is forecasting that Venezuela’s economy will contract by 10 percent this year – the deepest recession of any country in the world.Venezuelans are feeling the crunch on many fronts. CCTV America’s Stephen Gibbs reports from Caracas that even cash reserves are running low.