Developing world to face wave of defaults – Bloomberg
Jul 10th 2022 5:58am EDT
National bankruptcies to precede political instability in emerging economies Emerging nations, including El Salvador, Ghana, Egypt, Tunisia and Pakistan, will be challenged with a historic cascade of defaults as a quarter-trillion-dollar pile of distressed debts keeps exerting downward pressure on economies, Bloomberg is reporting. “With the low-income countries, debt risks and debt crises are not […]
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