The world isn’t prepared for a wave of sovereign debt defaults
July 20, 2022 at 12:12 PM EDT
The World Bank isn’t often given to making specific prophesies of doom as opposed to wringing its hands and talking vaguely about risk. So it’s quite something when it bluntly talks of a “coming spate of debt crises” in emerging markets. It’s not wildly surprising that we’re on the brink of a string … Source