Good News, Venezuela’s Economy Going Into the Crapper

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One good thing in promoting a “fair economy” one can look at what they’ll get by looking at Venezuela. Everyone suffers together in the name of collectivism:

“Venezuela is projected to experience a deep recession in 2015 and 2016,” the IMF said Tuesday in its World Economic Outlook. The country’s real gross domestic product probably will contract 10 percent this year and 6 percent in 2016, it said.

Inflation in Venezuela, already the fastest in the world, will average 159 percent in 2015 and increase to 204 percent next year, the IMF said.

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H/T Bloomberg Business

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