The latest polls suggest that the opposition is on track to win Venezuela’s election later this month but President Maduro is likely to do all he can to cling on to power. If he manages to do so, Venezuela’s nascent economic recovery would be nipped in the bud as US sanctions are re-tightened. An opposition victory would lead to a renewed opening of Venezuela’s trade and financial ties with the rest of the world. But reversing the economic collapse of the past decade will be a tall order.
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