The Daily Journal.— Venezuela is on track to lead economic activity in Latin America and the Caribbean in 2026, with projected growth of 6.5%, according to the Economic Commission for Latin America and the Caribbean (ECLAC), which unveiled the forecast in its latest annual report. The projected performance of the Venezuelan economy stands out across […]
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The Daily Journal.- Venezuela’s private industrial sector recorded 8.1% year-over-year growth in production volume during the first half of 2026, driven by gains of 9.9% in the first quarter and 6.5% in the second quarter, the Venezuelan Confederation of Industrialists (Conindustria) reported as it presented its Industrial Economic Survey for the second quarter of 2026 […]
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The Daily Journal.— Venezuela’s Gross Domestic Product (GDP) grew 7.14% in the second quarter of 2026 compared with the same period a year earlier, the Central Bank of Venezuela (BCV) reported. The country has now recorded 21 consecutive quarters of economic growth. According to the central bank, the result further consolidates the recovery of the […]
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The Daily Journal.- Oxford Economics cut its 2026 growth forecast for Venezuela by two percentage points to 6.3% after factoring in the impact of the June 24 earthquakes, Bloomberg reported. The firm also made a more modest adjustment to its 2027 forecast. It now expects the economy to grow 15.5%, one-tenth of a percentage point […]
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The Daily Journal.— The United Nations Development Program (UNDP) projects that Venezuela’s Gross Domestic Product (GDP) will grow by approximately 6.5% by the end of 2026, supported by stronger oil activity and greater access to private capital, even as the country faces estimated inflation of 385%. The multilateral organization presented the estimate in its Venezuela […]
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The Daily Journal.- The two earthquakes that struck on June 24 caused an estimated $6.7 billion in direct damage, according to the United Nations Development Program (UNDP), which warns that the main economic indicators do not fully capture the scale of the losses to assets and property. The estimate appears in the report Venezuela’s Macroeconomic […]
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The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]
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The Daily Journal. — Fedecámaras President Felipe Capozzolo stressed the importance of strengthening the production chains of the construction, apparel, and textile sectors to accelerate the rapid reintegration of everyone affected by the twin earthquakes that struck Venezuela on June 24. Capozzolo emphasized the need to guarantee housing and employment so people affected by the […]
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The Daily Journal — Acting President Delcy Rodríguez announced that Venezuela’s oil sector expanded by more than 9% during the second quarter of the year. She added that the industry also posted year-over-year growth exceeding 10% compared with the same period in 2025. “The hydrocarbons sector remains active and continues to recover. During this second […]
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