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Venezuela Facing 'Economic Collapse,' IMF Warns

Venezuela is in a state of "economic collapse" with hyperinflation not seen since the middle of the last century, the International Monetary Fund said Monday. Despite higher oil prices that are benefiting most exporting nations, the IMF sees a worsening contraction of the economy, which in April already was forecast to decline 15 percent, with inflation this year of 14,000 percent. "It's very hard to exaggerate the extent of disruption in the Venezuelan...

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