Venezuela Braces for Economic Collapse

“Even before American forces blasted their way into Venezuela’s capital and seized President Nicolás Maduro on Saturday, the nation was already facing dire economic prospects,” the New York Times reports.

“The partial blockade imposed by the United States on Venezuela’s energy exports was expected to shutter more than 70 percent of the country’s oil production this year and wipe out its dominant source of public revenue, according to people briefed on Venezuela’s internal projections compiled in December.”