World Bank flags up poor country debt danger
Emerging markets and developing economies (EMDEs) are at risk of a financial crisis as mounting debt levels are making them vulnerable to an economic shock, the World Bank warned this week.
The bank said that deteriorating debt sustainability and increasing vulnerability to crises has left EMDEs exposed to a fall in investor confidence that would lead to a spike in yields on their debt.Between 2007 and 2018, government debt rose by 15 percentage points of GDP to 51%, ...
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