A barrage of shocks is building that is unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments.
Turmoil triggered by rising food and energy prices is already gripping countries such as Sri Lanka, Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the COVID-19 pandemic.
Compounding the danger is the most aggressive monetary tightening campaign that the US Federal Reserve has embarked on in two decades. Rising US interest rates mean a jump in debt-servicing
By Shawn Donnan, Eric Martin, Andrew Rosati & Jihen Laghmari | Bloomberg News A BARRAGE of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments. Turmoil triggered by rising food and energy prices…
(Bloomberg) A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments.
A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments.