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530% Inflation: Bank of America Says Fears About Venezuela “Have Returned”
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The Venezuelan economy faces a new cycle of inflationary pressures, amid increasing restrictions on its oil sector and a sustained depreciation of its currency.See more: Tensions in the Middle East cloud the options of an oil surge in VenezuelaAccording to Sebastián Rondeau, economist at BofA Global Research, "the fears of hyperinflation have returned." In his analysis, the expert explains that Venezuela's monthly inflation accelerated to 26% in…
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