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

Nichupté Bridge to open to traffic Wednesday morning

Nichupté Bridge to open to traffic Wednesday morning

Cancún’s Nichupté Bridge opens Wednesday morning with new federal traffic rules, access controls, a reversible...
CFE Bill Clues That Can Help Lower Your Power Costs

CFE Bill Clues That Can Help Lower Your Power Costs

CFE says a few lines on your electricity bill can explain rising costs and help...
Viva Aerobus and Volaris report heavy first-quarter losses

Viva Aerobus and Volaris report heavy first-quarter losses

Viva Aerobus and Volaris lost $145 million in the first quarter as fuel and peso...
Mérida clears market stalls in downtown space push

Mérida clears market stalls in downtown space push

Mérida removed 45 semi-fixed stalls near Lucas de Gálvez market, freeing sidewalk space in a...