Economic

As Venezuela Hikes Wages Without Increasing Revenue or Production, 800% Inflation Likely to Surge

“Venezuela’s inflation rate, already expected by the IMF and others to break records this year, is now expected to go even higher after embattled President Nicolas Maduro hiked the minimum wage Monday, analysts say.”

Source: Latin American Herald Tribune – As Venezuela Hikes Wages Without Increasing Revenue or Production, 800% Inflation Likely to Surge

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