What is a K-shaped recovery and why they warn it is similar to Venezuela’s economy

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What is a K-shaped recovery and why they warn it is similar to Venezuela's economy

  • Angel Bermudez (@angelbermudez)
  • bbc news world

Food Sales At A Market In Venezuela.

image Source, Getty Images

The Venezuelan economy has returned to the path of growth after eight years of continuous decline.

Multilateral organizations, investment banks and many experts predict that South American countries will see their gross domestic product (GDP) increase in 2022, although they differ in magnitude.

The Economic Commission for Latin America (ECLAC) ranks Venezuela as one of the countries this year with an estimated 5% growth in the region, while the International Monetary Fund points to a more modest 1.5% . The best forecast ever made public was by investment bank Credit Suisse in April, which points to 20%.

In any case, it’s a welcome change. A country whose GDP has decreased by 80% since 2013,

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