when most poor countries have strong export performance, that partly offsets these increased costs of their external debt. right now, the fed tightens it monetary policy because of unprecedentedly high consumer price inflation that partly reflects rising prices or rising commodity prices following the russian invasion of ukraine. what that means is that poor countries get hit twice. they get hit through higher financing costs on their external debt, and they get hit through higher import costs. well, an increasing number of countries are having problems paying their debts, because of not only the strong dollar, but also inflation and surging commodity prices. the united nations has identified 54 developing economies with severe debt problems. those countries account for little more than 3%
up to spend less, but costs have gone up as well. to spend less, but costs have gone up as well- up as well. the import costs for christmas up as well. the import costs for christmas trees up as well. the import costs for christmas trees have up as well. the import costs for christmas trees have gone - up as well. the import costs for christmas trees have gone up i christmas trees have gone up massively. everything has gone on the increase, it is really big. xfour the increase, it is really big. your fertiliser and the increase, it is really big. your fertiliser and all the increase, it is really big. your fertiliser and all of the increase, it is really big. your fertiliser and all of those - the increase, it is really big. your fertiliser and all of those things? fertiliser, chemicals, diesel, fuel, everything has increased massively. and getting them to houses. how big a weekend is this? we and getting them to houses. how big a weekend is this? a weekend is this? we ar
they ve have seen interest rate costs surge alongside import costs, and demand hit. because we are buying from other countries, we have to put our prices up. and people out there haven t got more money to spend. so this intervention staved off market turmoil turning into the collapse of some types of pension fund. but, in terms of growth and the roots of this crisis, they re still there. and faisaljoins me now. quite a few things to discuss tonight. let me start with this intervention by the bank of england. just to explain to people why, in your view, that is so significant. well, i think your view, that is so significant. well, ithink if your view, that is so significant. well, i think if you are sat looking at some of the figures, the currency market and the borrowing numbers, you might feel a sense of relief that things seem to have stabilised. but, actually, the fact of this intervention is probably the biggest piece of information. normally we would only get an interracial like t
this is bbc news, i m victoria derbyshire. these are the latest headlines in the uk and around the world. at least 300 people are reported dead, and many more injured, after a powerful earthquake in afghanistan. in the uk, new figures show the price we re paying for food, fuel and gas and electricity continues to rise at the costs have been going up for our wholesalers, so for me my import costs have gone up, my cost to the growers, their costs have gone up, but it can t be passed on. talks to resolve the rail dispute