Economy
Friday, 22 July 2016
Venezuela is struggling with a severe economic crisis, daily necessities are suddenly luxuries. Many people buy a reason to neighboring Colombia. McDonald’s also feeling the consequences now felt.
McDonald’s may initially offer more no Big Macs in Venezuela because of the acute economic crisis. The fast food chain said it worked with the suppliers to resolve the issue as soon as possible.
The reason for the sale not stop called McDonald’s. Venezuelan media reports, however, the group could no longer take care of the thin rolls that are placed between the two pieces of meat in the middle of the hamburger now. Last year, McDonald’s had due to delivery bottlenecks temporarily already selling fries in Venezuela adjust.
Venezuela has the largest oil reserves in the world. Since the decline in oil prices, the country is in a severe economic and supply crisis. The International Monetary Fund estimates that inflation reached dizzying heights in the country this year. Foresight, inflation is over 700 percent. That would be the world’s highest value.
More aboutThe IMF also expects the economy to shrink in Venezuela this year by 10 percent, in 2017 again by a further 4.5 percent. In addition to the low price of oil make economists especially severe mismanagement of the government responsible for the development.
Meanwhile, the economy of scarcity reached such proportions that there seems to hunger riots in Venezuela. Only last weekend use nearly 100,000 people a temporary opening of the border to shop in neighboring Colombia. They covered a food, medicine and daily necessities. On the Colombian side around 1,000 police officers were deployed to maintain order.
Source: n-tv.de
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