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

Mexico housing construction reaches a 10-year high

Mexico housing construction reaches a 10-year high

Homebuilding in Mexico surged in 2025 to its highest level since 2016, but rising prices...

Fifty Spanish Phrases You’ll Use Every Week Living in Mexico

A practical set of 50 Spanish phrases for Mexico—errands, services, appointments, and emergencies—with clear, real-life...
Mexico presses US to stop blasting near El Cuchumá

Mexico presses US to stop blasting near El Cuchumá

Baja California asked US border authorities to stop blasting near El Cuchumá, citing risks to...
Puerto Vallarta airport emergency drill

Puerto Vallarta’s March international air traffic fell 32.1% after February violence

Puerto Vallarta’s March international air traffic fell 32.1% after February violence, though officials say global...