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Weekly Report - 02 March 2017 (WR-17-08)

VENEZUELA: Poverty increases dramatically

Just over four-fifths of Venezuelan households (81.8%) were living in conditions of income poverty last year, according to the latest (2016) Encuesta Condiciones de Vida (Encovi) released on 27 February by the private Andrés Bello Catholic University (UCAB). This latest estimate is up from 48% in 2014, suggesting that poverty has increased by more than two-thirds in just two years.

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