CAUSE
One question. One truth.
“Why is Venezuela in crisis?”
The Venezuelan crisis is primarily caused by the structural collapse of its oil-dependent economy due to mismanagement and plummeting oil prices, which eliminated the country's main revenue source and destabilized public finances.
Medium confidenceStructural
CURRENT STATE
This factor has produced hyperinflation, severe shortages of basic goods and medicine, and mass emigration. The economy remains in freefall with GDP contraction and widespread poverty.
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