Maduro estimates overconsumption at 30%
The Food and Agriculture Organization of the United Nations will award Venezuela for its advances in food
Said progress is hallmarked by three fundamental areas for people's development: more food availability or higher calories consumption, and reduced hunger and children's malnutrition, AVN cited.
Regarding shortage in the country, the Venezuelan Head of State attributed the issue to overconsumption.
"Consumption jumped 30% with respect to regular periods in previous months. Why? For two reasons: there is overconsumption due to people's purchasing power and the other (reason) is the (shortage) campaign." Maduro added that there was no economy in the world exempted from "the speculative attacks of commercial psychosis."
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.