The Daily Journal – The debate over restoring purchasing power in Venezuela often becomes trapped in a recurring dogma: the premise that any wage increase inevitably leads to an inflationary spiral or the collapse of the productive apparatus. Neoclassical orthodoxy argues that the State or the private sector does not “have the money” to pay […]
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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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“With these starvation pensions, we don’t even know how we’re supposed to eat,” stressed the vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS). By Vanessa Davies Carlos Julio Rivera, vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS), says he […]
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The Daily Journal — Inflation in Venezuela reversed its slowdown in June, returning to double-digit monthly levels, according to figures from the National Consumer Price Index (NCPI). The index recorded a 13.8% increase in the sixth month of the year, more than double the 6.3% posted in May. The rebound ended four consecutive months of […]
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By Diviana Márquez — In the dim light of a makeshift produce stand in Catia La Mar, a woman clutches a wrinkled $20 bill as though it were a shield. Around her, the coastline of La Guaira still breathes the dust of buildings that gave way just five days ago under the historic 7.2 and […]
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The Caracas Stock Exchange stagnates in bolivars and bleeds in dollars while the country looks the other way. Julio A. López.— If the stock market is the thermometer of a nation’s economic health, Venezuela has a high fever, and nobody is taking its temperature. The Caracas Stock Exchange (BVC) is experiencing critical stagnation that raises […]
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The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]
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The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]
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For economist Hermes Pérez, Venezuela must urgently reform its state apparatus to “control future debt payments” and “reduce inflation.” We recently spoke with the researcher, who used clear and accessible language to explain Venezuela’s complex economic situation. Yahvé Álvarez – Journalist and Historian Hermes Pérez is a distinguished researcher and university professor. During his 31-year […]
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