Benchmark
Here's How Venezuela's Economy Has Tanked Under President Maduro
Ahead of congressional election, most voters rank the economy as the top concern
Nicolas Maduro, Venezuela's president, waves while arriving at a campaign rally for pro-government candidates in Caracas, Venezuela, on Dec. 3.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Venezuela’s President Nicolas Maduro has kept his promise to “radicalize” the socialist revolution begun by the late Hugo Chavez. And voters are not happy.
The dire state of the economy is on their minds as polls show the opposition taking Congress for the first time in 16 years in Sunday elections. Since taking office in 2013, Maduro has flouted the most basic economic principles from heavy state intervention to doubling down on currency controls.