In early 2013, Venezuela devalued its currency due to growing shortages in the country. The shortages included, and still include, necessities such as toilet paper, milk, and flour. Fears rose so high due to the toilet paper shortage that the government occupied a toilet paper factory, and continued further plans to nationalize other industrial aspects like food distribution. Venezuela's bond ratings have also decreased multiple times in 2013 due to decisions by the president Nicolás Maduro. One of his decisions was to force stores and their warehouses to sell all of their products, which led to even more shortages in the future. In 2016, consumer prices in Venezuela increased 800% and the economy declined by 18.6%, entering an economic depression. Venezuela's outlook was deemed negative by most bond-rating services in 2017. For 2018 an inflation rate of 1,000,000 percent was projected, putting Venezuela in a similar situation to that in Germany in 1923 or Zimbabwe in the late 2000s.