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IMF
A million percent – inflation in Venezuela before new high
The situation is comparable to the decline in prices In the Weimar Republic: In Venezuela, inflation could soon reach one million percent, predicts the International Monetary Fund.
DPA
Nurses in Venezuela demonstrate for higher wages and better working conditions
According to the International Monetary Fund (IMF), Venezuela, plagued by a severe economic crisis, is heading for inflation of one million percent by the end of the l & # 39; year.
The situation in the South American country is comparable to the collapse of prices in the Weimar Republic in Germany in the 1923 crisis year, said the IMF in a perspective for the countries of Latin America. He also predicted an 18% drop in gross domestic product by 2018.
Due to mismanagement, corruption and the relatively low price of oil, the socialist state has been suffering for years from the poor. a serious economic crisis and supply. Although there are the largest oil reserves in the world, more and more people are dying of hunger.
bam / dpa
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