May 20, 2017

Justin Kersey, intelligence manager, americas team, iJET International  - Venezuela faces worsening economic and political instability over the coming months due to falling oil revenues, shifting regional power structures, and a deeply divided government. Food, water, and gasoline shortages could become increasingly severe as Caracas allocates more of its budget to servicing its foreign debts than paying for commodity imports. Foreign governments and international organizations may level economic and diplomatic sanctions to pressure the ruling party for democratic reforms. Opposition groups will continue to stage large protests in major cities; incidents of civil unrest and violent clashes are probable, and may result in mass casualties, especially if government-backed militias are deployed at events.  Subscription required.