IMF Sees Venezuela With Double-Digit GDP Contraction in 2016

  • Distortions and fiscal imbalances remain unaddressed, IMF says
  • Venezuela has world’s worst inflation and growth performance

Workers sort groceries for food delivery in the Catia neighborhood on the outskirts of Caracas, Venezuela, on July 2, 2016.

Photographer: Manaure Quintero/Bloomberg

Venezuela’s economy will shrink this year by the most in more than a decade as the population struggles with food shortages and opposition to President Nicolas Maduro gains force, according to the International Monetary Fund.

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