Complex sentence: The above IASB definition is the generally accepted definition of hyperinflation in the world economy since, according to PricewaterhouseCoopers, IFRS are adopted by 147 countries: 10 in South America, 44 in Europe, 35 in Asia, 31 in Africa and 5 in Oceanea.
Split into simpler sentences: The above IASB definition is the generally accepted definition of hyperinflation in the world economy. According to PricewaterhouseCoopers, IFRS are adopted by 147 countries: 10 in South America, 44 in Europe, 35 in Asia, 31 in Africa and 5 in Oceanea.