03-2020 Latin American Economy & Business Report
Economy & Business Report
Coronavirus poses risks to Mexico’s economy
Venezuela is to all intents and purposes in default, and with investors unwilling to deal with the current administration led by President Nicolás Maduro, there is a growing consensus that the situation can only be resolved with a change of government. Canada and the European Union (EU) are increasing sanctions pressure, with Argentina’s President Mauricio Macri directly calling on the US government to impose a full oil embargo on Venezuela. Maduro does not appear to have a plan other than to buy time and deflect blame towards the US.
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