Venezuela declares economic emergency as inflation soars and recession deepens

Vocabulary: I will read the words, meanings, and sample sentences. Then, repeat after me. instability /in-stuh-BIL-i-tee/ [noun] – the condition of being likely to change or fail; lack of stability Political instability has made it harder for the country to make progress. recession /ri-SESH-uhn/ [noun] – a period of economic decline, typically marked by a decrease in GDP, employment, and production The country is going through a recession with many businesses closing down. decline /dih-KLAYN/ [noun] – a decrease in quality, quantity, or strength. (Verb) To decrease or deteriorate There has been a decline in the purchasing power of the people in Venezuela. stabilization /stey-buh-li-ZEY-shuhn/ [noun] – the process of…
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