Key insights and market outlook
Following a US airstrike in Venezuela, the capital Caracas has become eerily quiet as citizens cope with surging prices and long queues for basic necessities. Despite authorities urging continued economic activity, many citizens are stockpiling essential goods amid fears of further intervention and potential supply disruptions. The situation highlights the fragility of Venezuela's economy and the potential for widespread shortages.
The Venezuelan capital, Caracas, has become unusually quiet two days after a US airstrike targeted several regions and led to the disappearance of President Nicolás Maduro. While the city is normally bustling, major roads are now emptier, shopping centers are less crowded, and citizens are going about their daily lives with caution amid ongoing tensions.
Many families have begun stockpiling basic necessities, particularly non-perishable food items such as corn flour, rice, and canned goods, in anticipation of potential supply disruptions. This behavior is evident at the Quinta Crespo central market, a major trading hub in Caracas, where some vendors have closed their stalls due to fears of unrest and looting.
At stalls that remain open, buyers are forming long queues, sometimes exceeding 10 people, who wait patiently under the scorching sun. The Bolivarian National Police are maintaining a visible presence around the market to keep the situation calm. Citizens like Carlos Godoy, a 45-year-old from the Caricuao district, are prioritizing the purchase of durable goods. "I'm buying essential items, considering the current situation our country is facing," Godoy explained.
The airstrike has exacerbated Venezuela's existing economic challenges, leading to increased uncertainty and fear among the population. The potential for further US intervention continues to loom large, influencing both consumer behavior and business operations. While some businesses have temporarily closed, others remain open but are experiencing high demand for staple goods.
US Airstrike in Venezuela
Economic Activity Disruption
Supply Stockpiling