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Monday, the IMF announced an updated forecast of economic growth and inflation for the Latin America region
And if inflation in Chile is about 3% and Peru of about 3.7%, Venezuela is heading for another. . It is obvious that the economy of the country that reigns for many years is collapsing.
According to the IMF, inflation is expected to reach 1 million by the end of 2018. percent, which "would show that the situation in Venezuela is similar to that of the first in Germany in 1923 or the Zimbabwe in the late 1990s ".
The restaurant menus change weekly, while the US dollar sold on the black market is already 3.5 million. Bolivar
This means that in a country where people are mbaded by the crisis, and people who stay here are suffering more and more diseases and food shortages, GDP will fall by 50% in a few years.
In the last six months, there have only been a few occasions.
The Venezuelan authorities, which are rife with the opposition and freedom of expression, do not publish official data on the economic situation.
In the capital of Caracas, prices have reached such a high level as Venezuelan currency – in any case, it is quite ironic that its official name is a strong Bolivar – even used in the manufacture of handbags or portfolios.
The strong Venezuelan bolivar is now so weak that money artists are now making their money
Venezuela is also raging in the transport crisis, authorities on public transport routes being forced to drive freight trucks – the pbadengers are waiting for them
Reuters / Scanpix: inside the country, the transport crisis is also raging Trucks are circulating now on orthodontic roads
Photo: Reuters / Scanpix. Truck Now Rolls While Driving Trucks
Many sellers now simply refuse to accept strong bolivars because their value is decreasing every hour. Barter exchange is popular in the country. Falling fish – turn it into flour, and so on.
Reuters / Scanpix.
Some more successful Venezuelans have already chosen alternatives such as bitches, and traders speculate on what the price of their products might be.
Restaurant menus change weekly. , while the US dollar sold on the black market already costs 3.5 million. Bolivar
It will be difficult to curb the hyperinflation
Venezuela's inflation rages only when President Maduro undergoes political repression. He was declared the winner of a dirty election, whose tenure was extended until 2025.
Hundreds of thousands of people can not eat well and buy drugs that they have not yet fled. Neighboring Colombian officials say that there are already 870 thousand people there. Venezuelan
AFP / Scanpix photo / Colombian / Venezuelan Border
In his report, the IMF writes that "due to such a bad situation, it is necessary to blame a drop in oil production and "huge macroeconomic imbalances". In the future, the experts have a bleak view: the government is supposed to print more money and inflation will only get stronger.
The Venezuelan government itself is stubbornly convinced that the "economic war" is the source of all the problems. Also, rich business people who accumulate stocks and raise prices.
Of course, 1 million. percent the inflation threshold is more symbolic. Nevertheless, badysts can no longer bear the tragic situation of the history of cataclysms
AFP / Scanpix. Store closed in Caracas, at the door of which is the inscription "Is there any bread?"
After World War I, the German economy of the Republic of Veimar completely collapsed. Before the war, it was possible to buy $ 4.2 for a dollar and, in 1923, $ 4.2 trillion. Mark
Germany has finally changed its currency and has stabilized it, but the lives of millions of people have collapsed. Later, in a few years of chaos, the Nazis took advantage of the bankruptcy of all the scourges of Jewish bankers.
Zimbabwe, while Robert Mugabe still controlled the country, expected the same fate: the country has already printed 100 trillion. Banknote of Zimbabwe. Currently Titanic was inclined to 270 degrees
Reuters / Scanpix photo / Robert Mugabe
The Anglican economist Daniel Lansberg-Rodriguez, economist at the University of Northwestern United States, talked about the collapse of the Venezuelan economy.
According to him, it will be more difficult for Venezuela to curb hyperinflation. In addition, let's say that the Zimbabwean economy is more diversified than Venezuela.
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