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RSS FeedsZimbabwe´s hyperinflation offers a grim lesson for Venezuela
(WorldNews France)

 
 

21 august 2018 09:26:07

 
Zimbabwe´s hyperinflation offers a grim lesson for Venezuela
(WorldNews France)
 


Ten years after hyperinflation peaked in Zimbabwe at an estimated 500 billion per cent annually, the country’s economy still lies in ruins, unable to fund basic public services and plagued by mass unemployment and emigration. Zimbabwe’s long and painful suffering is an ominous lesson for Venezuelans facing currency devaluations in a desperate bid by their government to tackle hyperinflation. International Monetary Fund economists warn that Venezuela’s inflation rate could......


 
8 viewsCategory: General > Europe > France
 
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