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Graphic Truth: How Bad Is Venezuela's Collapse?

Graphic Truth: How Bad Is Venezuela's Collapse?
By Gabe Lipton,
Gabe Lipton

Gabe Lipton was the former Associate Editor of Signal responsible for editorial execution of GZERO Media's written newsletter content. He holds degrees in Government and Economics from Wesleyan University, where he was a member of the international economic honors society, and is studying German in his spare time. At the age of 11, the Green Goblin (Willem Dafoe) confirmed (in person) his take on an important political question of the day, forever sealing his fate as a close observer of global politics. His Spidey powers leave much to be desired.

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Gabriella Turrisi
Gabriella Turrisi
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February 05, 2019
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Low oil prices, economic mismanagement, and political uncertainty have plunged Venezuela into an economic tailspin virtually unknown among countries during peacetime. By the end of this year, Venezuela's economy will have shrunk by 63 percent since the current political crisis erupted in 2016. Here's how that drop compares with other notable economic collapses over the past century.

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Illustration of the Polymarket website and logo. Polymarket is an online betting platform where users can bet on various global events, including political outcomes. Often a source of controversy, the site is banned in France, but this does not prevent a dozen bets from being placed on French current affairs.

Illustration of the Polymarket website and logo. Polymarket is an online betting platform where users can bet on various global events, including political outcomes. Often a source of controversy, the site is banned in France, but this does not prevent a dozen bets from being placed on French current affairs. Paris, France on February 5, 2026.

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