Venezuela's President, Nicolas Maduro, speaks to his followers in Caracas. Federico Parra/AFP/Getty Images

Venezuela's President Nicolas Maduro was re-elected yesterday with almost 70% of the votes. According to official numbers turnout was 46.1%, way down from the 80% registered at the last presidential vote in 2013, due to a boycott by the opposition.

Why it matters: The U.S. and most Latin American countries said that they won't recognize the results, denouncing a fraud and because main opposition leaders weren't allowed to run. Venezuela, despite huge oil reserves, is facing a deep economic crisis, and massive emigration wave.

By the numbers, as recapped by Axios' Shane Savitsky, citing mind-boggling stats published last year for Project Syndicate:

  • "Venezuela's GDP contracted by 40% in per capita terms from 2013 to 2017 — and that's based off estimates as Maduro stopped reporting economic data in 2015. A recent filing with the SEC by the Venezuelan government indicated that its economy had contracted by 16.5% in 2016 alone."
  • "To make things worse, the decline in Venezuela's oil production and decreased global demand of Venezuela's chief export — which greatly subsidizes its socialist regime — resulted in a 51% drop in national income from 2013 to 2017."
  • "The minimum wage declined by 88% from 2012 to 2017 when compared against the black market exchange rate."
  • "Venezuelans making that minimum wage cannot afford to feed a family of five, even when their entire income is devoted to purchasing the cheapest available calories."
  • "Income poverty jumped to 82% in 2016 — a shocking increase from 48% in 2014."

Go deeper: Venezuela's economic collapse, by the numbers

Go deeper

Updated 1 hour ago - Politics & Policy

Trump signs stopgap bill to prevent government shutdown

Senate Majority Leader Mitch McConnel and President Trump arrives at the U.S. Capitol in March. Photo: Samuel Corum/Getty Images

President Trump signed a bill to extend current levels of government funding after funding expired briefly, White House spokesperson Judd Deere confirmed early Thursday.

Why it matters: The move averts a government shutdown before the Nov. 3 election. The Senate on Wednesday passed the legislation to fund the federal government through Dec. 11, by a vote of 84-10.

Updated 2 hours ago - Science

In photos: Deadly wildfires devastate California's wine country

The Shady Fire ravages a home as it approaches Santa Rosa in Napa County, California, on Sept. 28. The blaze is part of the massive Glass Fire Complex, which has razed over 51,620 acres at 2% containment. Photo: Samuel Corum/Agence France-Presse/AFP via Getty Images

More than 1700 firefighters are battling 26 major blazes across California, including in the heart of the wine country, where one mega-blaze claimed the lives of three people and forced thousands of others to evacuate this week.

The big picture: More than 8,100 wildfires have burned across a record 39 million-plus acres, killing 29 people and razing almost 7,900 structures in California this year, per Cal Fire. Just like the deadly blazes of 2017, the wine country has become a wildfires epicenter. Gov. Gavin Newsom has declared a state of emergency in Napa, Sonoma, and Shasta counties.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 a.m. ET: 33,880,896 — Total deaths: 1,012,964 — Total recoveries: 23,551,663Map.
  2. U.S.: Total confirmed cases as of 12:30 a.m. ET: 7,232,823 — Total deaths: 206,887 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: Moderna says its coronavirus vaccine won't be ready until 2021
  5. Travel: CDC: 3,689 COVID-19 or coronavirus-like cases found on cruise ships in U.S. waters — Airlines begin mass layoffs while clinging to hope for federal aid
  6. Business: Real-time data show economy's rebound slowing but still going.
  7. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.

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