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Even oil couldn’t help Venezuela’s economy

Venezuela

Venezuela is struggling to maintain a healthy economy as the considered rich country has currently been running out of resources. GDP growth per capita of Venezuela between the years 1900 to 1920 grew about 1.8 percent. On the 1960’s till the 1970’s, the Venezuelan government was able to preserve its economy by impartially investing huge amounts on public programs. They’re president Nicolas Maduro ordered an increase in the minimum wage with more than 65 percent in monthly income. He…

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Inflation in Germany 2017

German flag

In more than four years, the annual inflation rate of Germany has accelerated through its fastest pace, giving ammunition to hawks in the eurozone’s largest economy that are uneasy at the ECB or European Central Bank’s loose monetary policy. In accordance to this, the rise in German inflation went up to 2.2% in February, which is above the ECB’s target rate for the Eurozone to close to but under 2%. In addition, Mr. Wiedmann, one of the most influential…

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