Argentina and Venezuela have been identified as the most recession-prone economies in Latin America over the past 70 years, according to data from The Conference Board. Argentina has faced 25 economic downturns since 1951, securing the second spot globally for recession frequency. Venezuela follows suit, ranking ninth worldwide with 20 economic declines during the same […]
Related Posts
Illicit Activities Contribute 16% to Venezuela’s 2022 GDP
Last year, illegal operations in Venezuela generated an estimated $9.4 billion. A study by Transparency Venezuela and Ecoanalitica confirmed this. This amount makes up 16% of the country’s GDP. Moreover, it contributes to 56% of the government’s total income. Fuel and gold smuggling are on the rise. Similarly, drug trafficking has increased over the last […]
Challenges for Mexico’s Economy: Pemex and Droughts
Mexico’s economy might grow by 2.4 percent in 2024. Yet, it faces hurdles from the finances of Petróleos Mexicanos (Pemex) and severe droughts. This comes from a Tuesday alert by the Mexican Institute of Finance Executives (IMEF). José Domingo Figueroa, the president of the IMEF, shared insights during a monthly review and praised Mexico’s vibrant […]
