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KLM Royal Dutch Airlines, or simply KLM (an abbreviation for their official name Koninklijke Luchtvaart Maatschappij N.V. [ˈkoːnɪŋkləkə ˈlʏxtfaːrt ˌmaːtsxɑˈpɛi ˌɛnˈveː], lit. ' Royal Aviation Company ' ), [ 6 ] is the flag carrier of the Netherlands . [ 7 ]
While the public sector of the economy has fallen 2.8%, the private sector has dropped off 6%. [195] The year 2013 proved to be difficult for Venezuela as shortages of necessities and extreme inflation attacked the nation's economy. Items became so scarce that nearly one quarter of items were not in stock. [196]
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