Carlos Dürich Archives - The Daily Journal

Why Venezuela’s economy is growing, but prosperity isn’t reaching people’s pockets

October 21, 2026October 21, 2026Tatiana Da GamaLeave a Comment

The IMF projects Venezuela’s GDP to grow 5% in 2026, while monthly inflation slowed in September. However, the minimum wage has remained frozen since 2022. Economist Carlos Dürich attributes this gap to oil’s dominance, the weakness of other sectors, and the unequal distribution of foreign currency. By Neirlay Andrade Venezuela is once again reporting economic […]

What Did Venezuela Lose with the Hydrocarbons Law Reform?

June 4, 2026June 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]