domestic production 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 […]

Venezuelan GDP grew 7.14% in the second quarter of 2026

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

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 […]