The Venezuelan economy has improved, with inflation rates dropping to the lowest level in 12 years.

On May 3rd, the Central Bank of Venezuela released a report showing that the country's cumulative inflation rate for the first four months of this year was 6.3%, the lowest level in history for the same period since 2012.

The report points out that in April 2024, Venezuela's inflation rate was 2%, a significant decrease from 55.8% in April 2018, indicating that Venezuela is moving towards the goal of achieving economic stability.

However, some sources have also pointed out that although the data shows that Venezuela's economic situation is improving, there is still uncertainty.

Some people believe that these data may be to support Maduro's campaign in the 2024 presidential election.

As is well known, Venezuela will hold presidential elections on July 28th, and current President Maduro has been nominated as the 2024 presidential candidate by multiple organizations, including the ruling party.

The current situation is that opposition candidates Maria Corina Machado and Corina Yulis have been prevented from participating in the election, which may mean that Maduro will be the only candidate, while the identities of the other nine candidates are not yet known.

Overall, the 2024 general election in Venezuela seems to have been predetermined, although it has not yet been held, the outcome is already predictable.

However, Maduro was politically astute and constantly used various means to consolidate his position.

He established his image of justice and stirred up patriotic sentiment by publishing good news or criticizing the United States, which is a highly strategic approach.

Prior to this, Maduro gave a speech on May 1st, accusing the United States of re imposing sanctions on the oil industry, resulting in Venezuela losing over $2 billion in the first four months of this year.

He also stated that although unilateral sanctions by the United States have caused damage to the national economy, Venezuela has begun to develop a new diversified economic model to ensure economic growth, no longer relying on whether the United States lifts sanctions.

On April 22nd, Maduro also criticized the passing of a bill by the US Congress to provide massive military aid to Ukraine, Israel, and Indo Pacific allies as a "immoral and heinous act.".

Although Maduro's performance in the economy is average, his political skills are indeed brilliant. He constantly consolidates his power, creating an inexplicable trust in him among the Venezuelan people.