Tags: venezuela | inflation

Venezuela Home to World's Highest Inflation

Thursday, 08 Oct 2009 10:59 AM

Venezuela will have the world's highest inflation during the five-year period starting next year, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund for 186 countries worldwide.

With Zimbabwe getting its hyper-inflation under control and expected improvements in several other African countries, Venezuela stands solidly at the top of the inflation ranking.

Venezuela's average rate will be 32.4 percent in the period 2010-14, our analysis shows. By comparison, Eritrea will have 14.4 percent, the Democratic Republic of Congo 11.3 percent and Angola 10.5 percent. These are the only countries worldwide that are expected to have an average inflation above 10.0 percent the next five years.

The high inflation comes despite an economic crisis. Venezuela's GDP will only expand by 0.3 percent the next five years, according to the Latin Business Chronicle analysis. That will be the worst result in Latin America.

In Latin America, Peru will see the lowest inflation rate the next five years — 2.0 percent. while Panama should post the highest GDP growth — 6.1 percent, Latin Business Chronicle reports.

Latin Business Chronicle is a web site specializing in business in Latin America. It publishes in-depth reports, news and rankings over Latin America's Top 500 Companies, 100 Most Powerful Businesspeople, Top 100 M&A's and the Latin Business Index, Latin Technology Index and Latin Security Index.

Click Here to go to latinbusinesschronicle.com

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Venezuela will have the world's highest inflation during the five-year period starting next year, according to a Latin Business Chronicle analysis of new forecasts from the International Monetary Fund for 186 countries worldwide. With Zimbabwe getting its hyper-inflation...
venezuela,inflation
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2009-59-08
Thursday, 08 Oct 2009 10:59 AM
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