IMF: Venezuela inflation to hit 1,000,000% this year

WASHINGTON, D.C.: Amid the financial and humanitarian crisis in Venezuela, the country is expected to see hyperinflation reach epic proportions: a million percent a year by the end of 2018, the International Monetary Fund said Monday.

And the nation’s economic collapse will increasingly spill over into neighboring countries, the IMF said in its updated regional outlook for Latin America.