Venezuela's 2018 inflation to hit 1,370,000%, says IMF

Venezuela's annual inflation rate will surge to 1,370,000% by the end of 2018 and 10,000,000% in 2019, according to the International Monetary Fund. It estimated that the country's GDP will shrink 18% in 2018, due to plummeting oil production, and political and social instability. Notably, thousands of Venezuelans are leaving the country every day to escape hyperinflation and food shortages.