Economics
Venezuela Says Inflation Is Slowing. Don't Laugh. It Actually Is
- Forecasts of 10,000,000% look wildly off -- for now, at least
- But Maduro is sacrificing an economy already in tatters
San Antonio del Tachira, Venezuela.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
When Venezuela suddenly dumped years of unpublished economic data onto its central bank’s website late Tuesday night, the most glaring trend that emerged was a slowdown in hyperinflation this year.
Venezuelans immediately scoffed at such a notion, and the skepticism is understood, of course, given how little credibility the embattled Nicolas Maduro regime has at this point.