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

What Mexico’s World Cup Will Test Beyond Its Stadiums

What Mexico’s World Cup Will Test Beyond Its Stadiums

Mexico’s World Cup will test streets, transit, policing, vendors, public viewing, and whether the gains...
Why Mexico City Shakes and Sinks at the Same Time

Why Mexico City Shakes and Sinks at the Same Time

Mexico City faces two linked risks: earthquakes amplified by soft soil and sinking ground driven...
Can Plan México Bring Investment Without Losing Control

Can Plan México Bring Investment Without Losing Control

Plan México fast-tracks strategic projects while using state planning, procurement and infrastructure to steer private...

Christian Mobile Network Eyes Mexico With LGBT Blocks

Radiant Mobile plans a Christian phone service that blocks LGBT and gender content, with Mexico...