Maduro admits failure in economy

The production molecules that we have tested so far were a failure and this is our responsibility, mine, your”, President Venezuelan Venezuelan United Socialist Party said during a congress.

“Names must end! We must produce with or without aggression, with or without blockade, make Venezuela an economic power. There's no more complaints, what I want is choice”, Maduro stressed.

The Venezuelan government has nationd entire sectors of the economy, such as cement and steel, has removed hundreds of enterprises and has recently called on the military to control municipal markets to control price hikes.

Inflation could reach 1000% this year, according to the International Monetary Fund, while GDP will drop by 18%.

Venezuela is facing a major economic crisis, where the population has reached the lowest level of the social situation, facing hunger, as they lack the necessities of life.