July 29, 2024

Yes, Venezuela Is Now the Poorest Country in the Americas

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The ENCOVI survey—which was carried out before the pandemic hit—shows that 79.3% of Venezuelan families can’t afford the basic food basket (50 food products) and 96.2% can’t afford the basic basket (the basic food basket plus 312 other basic needs and services). The number of Venezuelan families that simply can’t afford a basic living standard has been going up since 2012, two years before Venezuela entered a recession and way before the economic sanctions came into play.. Full Text -> Caracas Chronicles

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