Venezuelan President Nicolas Maduro has solidified his grip on power following recent presidential elections, his victory all but ruling out prospects for a much-needed course correction in economic policy. This paper assesses the economic consequences for Venezuela and the rest of South America if Maduro serves out his new presidential term, and if he is cast from office. Should Maduro remain in power, Venezuela’s economic crisis would deepen, with small but significant consequences for economic growth and fiscal stability in the rest of South America. READ MORE
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