Venezuela with the worst business climate in the region
According to the Getulio Vargas Foundation's report on Latin America, Venezuela recorded a setback
In the so-called Economic Climate Indicator of Latin America in January, Venezuela reached 1.5 points, way below the region's average (5.5 points) and that of Paraguay and Peru, 7 points.
Venezuela's indicator implies a setback with respect to the third quarter of 2012, when the country obtained 3.4 points.
Unlike Venezuela, the region's reported average (5.5 points) by January is the best in the last 18 months, except for Ecuador and Bolivia, whose business climates are similar to that of Venezuela.
Venezuela's economy has been mainly characterized in recent years by the implementation of different controls in the private sector. Obstacles such as difficulties to buy US dollars, price regulations on food and other products, as well as expropriations in different areas are just some of the aspects undermining the country's business climate.
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.