Caracas, Jan 16, 2025 (AFP) - Venezuela's Maduro claims victory over hyperinflation

NAMPA / AFP

2025-01-16

Venezuelan President Nicolas Maduro, who was sworn in for a third term last week that most of the world has refused to recognize, claimed Wednesday his government had driven inflation down to a 12-year low, marking a turning point after years of hyperinflation. In his annual state of the nation speech he claimed that Venezuela's ailing, sanctions-hit economy grew by nine percent in 2024 and that annual inflation had fallen to 48 percent, down fro......

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