To this must be added, according to the opposition, the government's inability to reorient the economy, high public spending and corruption and, according to the government, the US "economic war" and the drop in oil prices, which have recently been mobile phone number list They have plummeted further due to the covid-19 pandemic. The economic crisis has deepened the humanitarian crisis to such an extent that the government is unable to cover the food, health and basic service needs of a large part of the population.
The collapse of oil activity and the sharp contraction of the manufacturing industry, construction and the private sector have led to great external fragility and mobile phone number list a sharp drop in gdp : according to estimates by the International Monetary Fund ( IMF ), it shrank 35% in 2019 and will contract 15% in 2020; Other sources, such as Asdrúbal Oliveros, from the consultancy and research firm Ecoanalítica, predict 25% if the mobile phone number list impact of the coronavirus is included.
According to Petróleos de Venezuela ( PDVSA), oil activity experienced a rebound in the last quarter of 2019, with a total production of 907,000 barrels mobile phone number list per day. However, this represents a decrease of 40% with respect to the production of the previous year; furthermore, this growth was not sustained in the first quarter of 2020 as oil production fell to about 700,000 barrels per day in February. Economists and oil experts estimate that the impact of the coronavirus, along with strict sanctions to export oil, could reduce production even more due to the severe limitations that exist in Venezuela for the storage of crude oil.