'Santa Claus isn't coming,' recession-hit Venezuelans tell kids


  • World
  • Tuesday, 20 Dec 2016

Santa Claus walks during a visit to residents of the slum of Petare in Caracas, Venezuela. REUTERS/Ueslei Marcelino

CARACAS (Reuters) - As a harrowing economic crisis makes food scarce for millions of Venezuelans, many families cannot buy their children Christmas presents, decorate their home, or even host a holiday dinner.

The oil-rich country is suffering the third year of a recession that has sparked product shortages and galloping inflation. With a recent currency depreciation pumping up prices even higher, some parents are simply cancelling Christmas.

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