Brazil

The Venezuelan Finance Observatory (OVF) revealed that 86% of Venezuelan households now live in poverty.
This alarming statistic highlights the devastating impact of one of modern historys most dramatic economic collapses outside wartime.The poverty threshold stands at US$391 monthly, representing the cost of a basic food basket for a family.
Average household income falls drastically short at just US$231.49.
Significant regional disparities exist, with Aragua registering the highest poverty rate at 92.7% and Miranda the lowest at 77%.Venezuelas economy contracted by approximately 80% between 2014 and 2020.
The country, once among Latin Americas wealthiest nations, spiraled into crisis through economic mismanagement, corruption, and excessive dependency on oil revenues.
Hyperinflation peaked at a staggering 9,500% in 2019.Food insecurity now affects 82% of Venezuelans.
Although more than 90% of survey respondents report eating three meals daily, many struggle with food access.
The cost of a basic food basket increased by 347% between October 2022 and 2023.Employment statistics show 21.95% of Venezuelans work as self-employed while 14.39% remain unemployed.
Many survive through informal work, with over 30% engaging in low-income informal activities to access essential services.Economic Collapse Pushes 86% of Venezuelan Households into Poverty.
(Photo Internet reproduction)Venezuelas Struggle for StabilityThe humanitarian crisis has triggered massive emigration.
Approximately 7.7 million Venezuelans have fled the country since 2015.
Remittances provide crucial support for those who remain, with 24% of households receiving financial help from abroad.Recent data shows modest economic improvement.
GDP grew by approximately 5% in 2023, with government forecasts projecting 8% growth in 2024.
Inflation, while still high at 73.27%, represents the lowest rate in a decade.The government has implemented several market-oriented reforms since 2020.
These include partial dollarization, revised exchange policies, and a more business-friendly approach.
These measures have produced slight improvements in purchasing power and trade.Despite these stabilization efforts, Venezuelas economic outlook remains challenging.
Most citizens continue to face severe hardship without significant international aid and comprehensive economic reforms.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Falling Lithium Prices Derail Major Chinese Projects in Chile


Interest Rate Cut to 4.5% Signals Peru’s Response to U.S. Tariffs and Economic Headwinds


Canada's Industrial Sector Hit Hard by April Job Losses


Lula’s Support for Putin at Moscow Victory Parade Highlights Brazil’s Diplomatic Autonomy


U.S. Signals Shift with 80% Tariff Proposal Ahead of China Meeting


Strong Start for Brazil’s Industry in 2025 Masks Underlying Weakness


[Brazil] - Rate Hikes Fail to Tame Brazil's Inflation Fueled by Food and Energy


Qatar Airways Expands São Paulo Flights as Business Travel Demand Surges


Nigeria and Brazil Finalize Direct Flights, Paving Way for Closer Commercial Links


Fed Flags Price, Job Risks and Keeps Interest Rate Unchanged


U.S. Oil Inventories Fall Beyond Expectations, Tightening Supplies


Druze Caught in Syria's Southern Conflict as Israel Seeks Buffer State


Air Canada Launches Biggest-Ever Latin America Winter Schedule


[Brazil] - Amazon Web Services Targets Chile's Growing Market with $4 Billion Cloud Push


BRICS Leaders Clash Over U.S. Tariffs and Security Council Bids in Rio


[Brazil] - Vamos Shares Plunge 8% Amid Profit Crash Despite Operational Gains


[Brazil] - São Paulo's Strong Rejection of Lula Signals National Political Shift


[Brazil] - RD Saúde Struggles With Profitability in Q1 2025 as Market Share Gains Fail to Offset Costs


[Brazil] - Brazilian Court Blocks BRB's $360 Million Acquisition of Banco Master Over Legal Concerns


Brazilian Industry Posts Strong March Rebound Amid Persistent Structural Challenges


Pemex’s 2025 Oil Outlook Falls Short as Losses Mount


Panama City: Spain’s Strategic Investment Hub in Latin America


Ecopetrol Profit Falls Sharply as Margins Tighten Under Global Pressures


India's Deepest Air Strike into Pakistan Since 1971 Stirs Market Jitters


Nubank Taps Brazil’s Ex-Central Bank Chief Campos Neto to Accelerate Global Expansion


[Brazil] - Belmond's Hotel das Cataratas Boosts Iguacu Falls Appeal


Vibra Outperforms Estimates in Q1 2025 as Net Income Falls 23.8%


U.S., China to Meet in Geneva Saturday to Begin Tariff Rollbacks


São Paulo Tightens Grip on Libertadores Group D After Decisive Win in Lima


U.S. Officials Condemn Germany’s “Tyranny in Disguise” After AfD Classification as Extremist


Singapore Voters Choose Stability as PAP Secures Overwhelming Victory


[Brazil] - Trading Pattern Shifts: Brazilian Real Outperforms as USD/BRL Tests New Support Levels


[Brazil] - Brazil's Ibovespa Holds Above Key Support asTechnical Strength Persists


[Brazil] - Football Games for Saturday, May 3, 2025: Match Schedule and Live Broadcast


Bitcoin Stabilizes at $96,300 After Testing $97,700 Resistance


Colombian Market Edges Higher as Global Sentiment Improves, Utilities Shine


Mexican Stocks Retreat Amid Sector Weakness While Maintaining Strong 2025 Gains


Gold Eases to $3,238 as Trade Talks and Strong Jobs Data Temper Rally


Oil Prices Slide as OPEC+ Holds Urgent Weekend Meeting


Nana Caymmi, Brazilian Musical Treasure, Dies at 84 After Nine-Month Hospital Battle


Mexican Peso Maintains Six-Month High as Mexico Navigates Economic Crosscurrents


Brazilian Authorities Uncover $1.1 Billion Pension Fraud Targeting Millions


Iron Ore Slips Below $100 Mark as China Demand Concerns Persist


Silver Navigates Trade Tensions and Supply Deficit as Prices Edge Upward


Copper Market Rebounds Amid Trade Optimism Despite Global Economic Concerns


Crude Rebounds: Brent and WTI Rally from Multi-Month Lows as May Trading Begins


Gold Rebounds from Two-Week Low as Trade Tensions Ease and Market Eyes Jobs Data


Bitcoin Climbs as Altcoins Diverge, ETF Hopes and Policy Moves Shape Crypto Market


Ibovespa Holds Steady as Global Volatility and Local Fundamentals Collide