In recent weeks, local and international media have attacked the left-wing Venezuelan government over alleged “economic woes”.
Pointing to Venezuela’s inflation rate — the highest in Latin America — and an economy that shrank 3.3% last year, the private opposition media is raising fears of a serious economic crisis.
These same media outlets, which have been predicting the fall of President Hugo Chavez for years, argue recent government actions will worsen the situation.
Venezuelan business federation Fedecamaras warned on May 5 that Venezuela faces an “economic and social crisis”.
