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

Cancún leans on Spring Break and 2026 tourism plans

Cancún leans on Spring Break and 2026 tourism plans

Tourism leaders say Spring Break demand and 2026 planning are helping Cancún hold strong bookings...
Puerto Vallarta 5K brings 400-plus together for equality

Puerto Vallarta 5K brings 400-plus together for equality

Puerto Vallarta’s 8M equality run drew more than 400 participants, turning Women’s Day into a...

Jalisco pushes fresh air routes for Puerto Vallarta

Jalisco used Routes Americas 2026 to court more Puerto Vallarta flights, seeking new links and...
Mexican peso strengthens

Peso Pulls Back After Brief Move Above 18 Per Dollar

The peso recovered some ground after briefly trading above 18 per dollar, as higher oil...