Economic Recovery Archives - The Daily Journal

Political dialogue delegations agree to discuss creating an office for political rights and citizen participation

October 22, 2026October 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – Representatives of Venezuela’s interim government and a delegation from the 2015 National Assembly agreed to begin discussions on creating an “Office for Political Rights and Citizen Participation,” according to a joint statement released on Wednesday night, October 21. “Discussions will begin on the creation of an Office for Political Rights and […]

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 […]

Zulia’s oil production rises to 370,000 barrels per day

October 20, 2026October 20, 2026Tatiana Da GamaLeave a Comment

Delcy Rodríguez said oil output in the western state climbed from 70,000 barrels per day to its current level and announced plans to expand natural gas production and exports. The Daily Journal — Oil production in Zulia state has increased from 70,000 to 370,000 barrels per day, with output expected to reach 400,000 barrels per […]

Venezuela presents IMF with economic roadmap centered on oil and mining

October 15, 2026October 17, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela’s Vice President for Economic Affairs, Calixto Ortega, presented the country’s economic roadmap on Wednesday during a discussion in Bangkok on the sidelines of the International Monetary Fund (IMF) and World Bank annual meetings. The plan focuses on the oil and mining extractive industries. Ortega, a former president of the Central Bank […]

Workers from basic industries launch consultation process to present labor proposals

September 8, 2026September 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Labor representatives from Siderúrgica del Orinoco (Sidor) and various productive sectors in eastern Venezuela met in Caracas to consolidate a space for dialogue and present proposals aimed at improving workers’ socioeconomic conditions. The meeting brought together delegates from Bolívar, Anzoátegui, and Monagas states representing 25 industrial sectors. Among the priorities outlined in […]

Enrique Márquez defends phased transition and highlights U.S. role

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Political leader Enrique Márquez returned to the public spotlight on Thursday to defend the “stabilization, recovery and transition” roadmap that the United States has promoted for Venezuela. The former political prisoner acknowledged that Washington is overseeing the process and rejected criticism from those who consider the timetable “too slow.” During the presentation […]

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 […]

Oxford Economics cuts Venezuela’s 2026 growth forecast to 6.3%

August 12, 2026August 12, 2026Tatiana Da GamaLeave a Comment

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 […]

Business leaders demand reconstruction plan rely on Venezuelan companies

August 8, 2026August 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – Nearly two months after the two major earthquakes that devastated parts of the country on June 24, the Venezuelan Confederation of Industrialists (Conindustria), the Venezuelan Chamber of Construction (CVC) and the United Nations Development Programme (UNDP) held a high-level meeting to define the operational and strategic phases of Venezuela’s Reconstruction Plan, […]

U.S. Embassy backs talks and agenda promoted by the Secretary of State

August 7, 2026August 7, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The U.S. Embassy released an official statement on Thursday welcoming the arrival in Caracas of the 2015 Venezuelan National Assembly delegation, led by Dinorah Figuera, to begin direct, in-person talks with Venezuela’s interim government. Through the diplomatic mission, the U.S. administration described the meeting as a strategic opportunity to advance the […]