Millions of Italians are too poor to heat their homes, eat adequately or go on holiday, Italy's national statistics institute (ISTAT) reported on Wednesday.
Economists say Venezuela's shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government's controls on foreign currency.
GlobalPost is a leader in world economy news. Our team of global correspondents delivers distinctive international economic news coverage that focuses on trade, jobs, markets, stocks, finance and other topics related to the world economy.
Award-Winning International Economic News
With GlobalPost you'll gain insight into world economy news and trends. Our global economy news coverage has won a series of prestigious awards from the Society of American Business Editors and Writers (SABEW).
For the complete GlobalPost experience and for even more international economic news, become a GlobalPost member. As a member you can suggest and vote on world news stories and interact with correspondents in the field. Learn more about becoming a GlobalPost member.
Follow us: