Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Extreme poverty in Venezuela rises to 76.6%

CARACAS, Sept 29 (Reuters) - Around three-fourths of Venezuelans now live in extreme poverty as the once-prosperous OPEC nation's hyperinflationary economic collapse continued for a seventh straight year, according to a study published on Wednesday.

The 2020-2021 National Survey of Living Conditions (ENCOVI), conducted by researchers at Andres Bello Catholic University (UCAB), found that of the country's 28 million residents, 76.6% live in extreme poverty, up from 67.7% last year.

The report attributed the rise to both the COVID-19 pandemic and chronic fuel shortages, which at least 20 . . .

Read Full Story

Related Posts

Bahía Epic Travel Suspended Days Before Bucerías Ride

Bahía Epic Travel Suspended Days Before Bucerías Ride

Bahía de Banderas says the Bahía Epic Travel cycling event was suspended by organizers days...
Mexico Grand Prix Shows Its Power Beyond the Track

Mexico Grand Prix Shows Its Power Beyond the Track

Mexico’s 2025 Grand Prix generated 19.84 billion pesos in economic impact and media exposure, with...
Mexico City’s Free World Cup Fan Festivals Take Shape

Mexico City’s Free World Cup Fan Festivals Take Shape

Mexico City plans 18 free World Cup fan festivals with giant screens, cultural events and...
Mexico Heat Wave Raises Health Warnings Nationwide

Mexico Heat Wave Raises Health Warnings Nationwide

Mexico’s late-April heat wave brought dangerous temperatures, raising health warnings about midday exposure and heat...