swissinfo.chIn the subsequent quarter, Venezuela's economy plunged into recession. Domestic industrial production tumbled 3.7 percent. Additionally, at the end of July, Other side competing challenges Hugo Chavez's clout among Venezuela's poorChavez's popularity down in Venezuela, polls findsWorrying numbers for Mr Chávez -all 265 expos articles »
Latin American Herald TribuneVenezuela's economy shrank 3.5 percent during the first half of 2010 compared to the same space a year earlier, the Central Bank said Venezuela's Economy Shrank Less Than Forecast in Second Quarter, Bank SaysVenezuelan economy contracts more slowly in 2nd qtrVenezuelan economy shrinks 1.9 percent in backer quarter -all 49 news articles »
However, Colombia shines brightly compared with neighboring Venezuela. There the militarized populism of Hugo Chavez has created monetary chaos and and more »
Jamaica GleanerBlack gold, oil, is the basis of the Venezuelan economy and the United States is the South American country's largest trading partner; Chavez's socialist populism perpetuates inequalityThe Smashing Today, Aug. 23 - Venezuela: the ignored war zoneall 258 news articles »
Chavez's Popularity Rises on Crackdown as GDP Suffers BusinessWeek
(Adds citizen assembly elections in eighth paragraph.)
By Corina Rodriguez Pons and Daniel Cancel
June 14 (Bloomberg) -- Venezuelan President Hugo Chavez’s approval rose last month from a seven-year low after he arrested brokerage directors and expropriated food distributors that he blamed for spit-digit inflation amid a recession.
Chavez’s approval rating rose to 48 percent in May from 42 percent in April, according to Caracas-based polling accumulation Datanalisis. The poll surveyed 1,300 people across the country and had a margin of error of 2.72 percentage points.
Surrounded by an economic slump and inflation that’s the highest in 78 economies tracked by Bloomberg, Venezuela’s administration is squeezing the private sector and blaming businesses for the problems to ensure voter support before congressional elections in September, Datanalisis helmsman Luis Vicente Leon said.
Chavez’s approval rating rebounded in May after beginning to decline along with the economy in early 2009, Leon said.
