23 de junio de 2017 08:37 AM
Actualizado el 23 de junio de 2017 08:46 AM
According to Deputy José Guerra, Venezuela is in the worst of the worlds, by losing market and with low prices in a context where the government shut foreign financing
The chair of the Standing Committee of Finance and Economic Development of the Venezuelan National Assembly (AN), José Guerra, warned that in the middle of the political standoff, Venezuelans are not aware that the economic issue is worsening at fast pace.
Guerra explained that two elements contribute to exacerbate the economic crisis in Venezuela: “firstly, the concomitant fall of oil production and prices; secondly, the pronounced depreciation of the bolivar.”
The Congressman said that so far this year, Venezuela has lost over 200,000 barrels per day in oil production, mainly due to disinvestment in the Venezuelan state-owned oil company Pdvsa.