Latin Inflation Forecast: Venezuela Worse

“While Latin America likely will reach a lower inflation rate this year than previously forecast, the opposite will take place in Venezuela, the International Monetary Fund says in its latest regional economic outlook, released last week.

Venezuela is now expected to post annual inflation of 13.7 percent this year, which is higher than the 12.1 percent the fund had forecast in its world economic outlook in September. It also means Venezuela, not Argentina, will have the second-highest inflation rate in Latin America this year.”

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