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The boom is over

When Venezuela s economy was showing tentative signs of recovery in 2020, Enrique Perrella thought it was time to open a cafe in eastern Caracas serving coffee, desserts and breakfasts.But by January of this year, faced with rising rent, increased.

The boom is over : Venezuelans lament end of brief dollarization boost

The boom is over : Venezuelans lament end of brief dollarization boost
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The boom is over : Venezuelans lament end of brief dollarization boost -Today at 01:31 pm

When Venezuela s economy was showing tentative signs of recovery in 2020, Enrique Perrella thought it was time to open a cafe in eastern Caracas serving coffee, desserts and breakfasts..

The boom is over : Venezuelans lament end of brief dollarization boost

The boom is over : Venezuelans lament end of brief dollarization boost

When Venezuela's economy was showing tentative signs of recovery in 2020, Enrique Perrella thought it was time to open a cafe in eastern Caracas serving coffee, desserts and breakfasts. "The boom is over," said Perrella. After a brief recovery on the back of de-facto dollarization, Venezuela's economy is once again falling victim to high inflation, lagging salaries, and decreases in purchases and production of goods, say business owners and analysts.

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