Venezuela’s fiscal gap widened to 11% of GDP last year from 4% in 2011, according to Moody’s Investors Service. “This isn’t a change that was done for fiscal reasons,” Giordani said.

TASS/. Venezuelan economy shrunk by 47.7% since 2013, the country's Central Bank said in a report released on Tuesday. According to the report, inflation in Venezuela reached 130,060% in 2018.