When I interviewed the head of the Inter-national Monetary Fund’s Western Hemisphere division last week, he didn’t mince words about the possibility of Venezuela descending into even greater economic chaos.
Alejandro Werner, the senior IMF official, said there is a “high” probability that Venezuela, which already has the world’s highest inflation rate, will see even higher rates this year.
Noting that Venezuela’s annual inflation rate reached 56 per cent last year, I asked him whether a country can maintain such inflation rates without falling into
