Economic Crisis: IMF: Venezuela's Inflation Reaches One Million Percent | message

The situation in the South American country is comparable to the decline in prices in the Weimar Republic in Germany in the crisis of 1923, said Monday the IMF in a perspective for the countries of Latin America. In addition, it was forecasting a 18% drop in gross domestic product in 2018.

The socialist state suffered from a severe economic and supply crisis for years because of the bad management, corruption and the relatively low price. Although there are the largest reserves in the world, more and more people are starving. There is a lack of foreign exchange to import food and daily necessities.

CARACAS (dpa-AFX)

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