Venezuela Recession

The move is part of Venezuelan President Maduro's desperate attempts to steer out of five years of recession and inflation that is said to reach one million percent this year.

Venezuela's socialist government has confirmed that the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation.

The move is part of Venezuelan President Maduro's desperate attempts to steer out of five years of recession and inflation that is said to reach one million percent this year.

Venezuela's socialist government has confirmed that the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation.