Venezuela Turns to Flashy Casinos, SUVs and U.S. Bucks for an Financial Enhance

Venezuela Turns to Flashy Casinos, SUVs and U.S. Bucks for an Financial Enhance

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CARACAS, Venezuela—A dozen casinos are opening right here in a nation where the Socialist authorities had banned gambling as a capitalist vice. And stores that had been barren factual a few years prior to now are now flush with imported goods, starting from $8,000 bicycles to frozen muffins from the Cheesecake Factory.

After seven years whereby the economy gotten smaller 80%—what economists name the splendid crumple in a long time for a nation no longer at battle—Venezuela’s economy can have bottomed out. Imperfect domestic product will rise wherever from 5% to 10% in 2021, the first year of articulate since authoritarian leader Nicolás Maduro took office in 2013, business consultants and economists estimate.

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