Venezuela’s Hyperinflation And The IMF’s Faulty Forecasts

In the past year and a half, the IMF has reported a variety of numbers for the annual inflation rate in Venezuela. None of the IMF’s numbers can be replicated. This is a problem — one that renders all of the IMF’s inflation numbers unusable because they fail to pass the scientific smell test.

https://www.forbes.com/sites/stevehanke/2018/04/25/the-ins-and-outs-of-venezuelas-hyperinflation-spotlights-on-the-imf-and-the-financial-press/?ss=markets

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