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Venezuela with an inflation rate of 1,000,000%, as projected by the International Monetary Fund
Will it unleash a social explosion? Will it force the government to free the economy? Venezuela's inflation is expected to reach 1 000 000% this year, according to an IMF projection that poses volatile scenarios with one certainty: the dramatic deterioration of living conditions.
Today 's basic income of a Venezuela – 1.5 dollar at the black market rate – barely enough for a kilo of chicken. Meanwhile, public finances stagnate because of the collapse of oil production, which contributes to 96% of revenue
The gloomy outlook provided by the IMF – with a drop in GDP of 18% – do not surprise those who suffer from the crisis in their own flesh
People make the Queue next to a "Hunger" graffiti in Caracas, July 23, 2018.
Amid the financial and humanitarian crisis in Venezuela, the country is expected to see hyperinflation reach epic proportions: a million by the end of 2018, announced Monday the International Monetary Fund. / PHOTO AFP / Juan BARRETO
EXODUS INTENSIFIERA
"Nothing surprises me anymore, day by day, things go up," Marcos Salazar told AFP while eating at a street stall hamburger that cost him a minimum wage
A 31-year-old teacher survives with three jobs and remittances from families. [19659002] According to estimates, 1.6 million Venezuelans have emigrated since 2016 as a result of the debacle that, according to the best universities in the country, has increased poverty to 87% in 2017.
The IMF estimates that this exodus will intensify, further, because of the shortage of food and drugs and the deterioration of public services, with a strong impact in the region.
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