A partial easing of economic woes in the country, which remains marked by extreme inequalities, has encouraged the return of music events in Caracas and other cities.
The events, mostly accommodating just a few thousand spectators, have tended to sell out, including an urban music festival that took place earlier this month in the parking lot of a Caracas shopping center. Two sources from the textile and footwear sector said they are reckoning with a series of tax hikes and tight credit, although dollarization"helps."
The country is still struggling with low industrial production, deteriorating transportation services and a healthcare crisis, according to economists. "One sees these pockets of exuberance in some sectors while elsewhere there are signs of devastating precariousness," said economist Leonardo Vera, who added that while the flow of oil revenue is increasing amid near record global prices, it is still far from the boom of a decade ago.
The public health sector is perhaps where the situation is most stark. In May, Reuters visited a hospital in the southwest of Caracas, where patients were lying on the floor waiting to be seen and at least four of its nine floors were closed.
Same thing in our country :)
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