Venezuela’s recovery?: a scenario to look beyond the networks

Venezuela’s recovery?: a scenario to look beyond the networks

a bubble

It is enough to walk through the streets of the neighboring country’s capital, says the woman, to realize the bubble in which she is immersed. “There are hundreds of concert posters from major artists that only those who can afford between $60 and $5,000 can get. Who can really allocate the money to pay for this luxury? Not much!” he states.

The reality of Viloria, who was out of his country for 6 years, is mixed with what he can observe and experience Alberto Garcia

He is a man who has been repairing appliances in Caracas for more than 30 years and knows from experience the different stages that Venezuela has gone through in recent years.

“There, in 2015, the situation in this country collapsed. People started to leave and it got really ugly, and with them the possibility that I could work. If I were to carry out a repair, there would be no spare parts, everything was complicated,” García describes.

Alberto recalls that the most critical years were in 2017 and 2018, when he had to walk tens of miles every day to get to and from work.

“There was no petrol, the electricity went out every day. Venezuela was no doubt hitting rock bottom at the time. The truth was that those years we had to go through were very hard, we still suffer from it, but at least not with such severity,” says García.

The man indicates that since 2020, after the worst peak of the pandemic, “it has gotten better”, but with that improvement came “the high cost of living”. “Although they call me to make repairs and pay me, that money is not enough to buy the expensive products on the shelves because they are all imported,” he says.

Understand the screenplay. For the Venezuelan economist and director of Ecoanalítica, Asdrúbal Oliveros: “Venezuela is not fixed”, but on the contrary, it is the reflection of an economy that has contracted by almost 80% in eight years and what he sees today is “a stabilization in the seed.

“What we are seeing now is an economy that is no longer declining and that some sectors are reactivating in a very weak way, in a very uneven way, because it is an improvement that has not been extensive for all citizens, nor for all regions”, explain .

This situation is seen by Oliveros as “very slight signs” of improvement in the economy that translate into “fresh air” for the people, the businesses, for those living in Venezuela. “All this is far from a structural improvement that will correct the profound effects of the crisis of recent years.”

White Vera Azafeconomic journalist and editor-in-chief of HispanoPostassures that in order to understand the current reality of Venezuela, it is necessary to understand that for three years, after 16 years, there has been no price control or bank control, as well as knowing that in 2017 the United States imposed a series of sanctions, including the inability to sell oil, which prevented the flow of foreign currency to the government.

As a result, shortages and shortages became more acute. “The public sector was affected and the private sector could not continue to buy foreign currency from the government, which hindered imports,” explains Vera.

“In 2019, Maduro decides to lift exchange controls, and the private sector was able to start importing immediately for the first time in nearly two decades, in addition to eliminating import tariffs. These opening factors have given the government the opportunity to access and invest resources,” said the journalist.

So what can be observed is that there is a group of entrepreneurs who “operate with more freedom”, which has motivated the emergence of enterprises that needed staff. “That is why many Venezuelans who have left are going back to work in the country,” says Vera.

In the meantime, Rafael Arraiz Luccaa Venezuelan historian, told EL HERALDO that the phrase “Venezuela has done well” is not accurate, despite the fact that the economic situation has improved three years since the economy was dollarized.

“There have been certain orthodox economic measures that have improved the Venezuelan economic situation. After two years of the pandemic, tourism is slowly starting to recover, as witnessed at Easter in the number of travelers arriving on Margarita Island, where hotel occupancy has clearly increased,” said the academic.

This scenario, according to Arraiz Luccadoes not point to the possibility of a “promising country in the future”, but it is impossible not to point out that there is an economic improvement due to the liberal measures taken by the government.

Source: El heraldo