Fears are growing that action by the US central bank to combat high inflation will trigger a fresh debt crisis, as it emerged poor-country repayments to creditors are already running at their highest level in two decades.
The Jubilee Debt Campaign said debt payments by developing countries had more than doubled since 2010 and were likely to increase further if, as expected, the Federal Reserve pushed up interest rates.
Urging deeper debt relief, the JDC said payments to creditors already accounted for 14.3% of poor-country government revenue in 2021, up from 6.8% in 2010 and the highest level since 2001.
Many poor countries have borrowed in US dollars, exposing them to the dual risk of higher borrowing costs and a weakening of their currencies against the greenback.
Read more at:
Fears grow that US action on inflation will trigger debt crisis | Inflation | The Guardian
Showing posts with label Worries. Show all posts
Showing posts with label Worries. Show all posts
1/23/22
3/6/21
EU - Coronavirus: Worries on Europe's infection surge, after six-week drop - by Elena Sánchez Nicolás
The World Health Organization (WHO) warned on Thursday (4 March) of a surge in the number of new coronavirus infections across Europe - after six consecutive weeks of decline.
Over one million new cases have been reported in the 53-country region of Europe, representing an increase of nine percent on the previous week.
Read more at: Worries on Europe's infection surge, after six-week drop
Over one million new cases have been reported in the 53-country region of Europe, representing an increase of nine percent on the previous week.
Read more at: Worries on Europe's infection surge, after six-week drop
3/4/20
USA: Democratic Primaries: ‘He’s the best we got’:- But Biden supporters admit his mental fitness has them on edge - by Samantha Chang
Many of Joe Biden’s own supporters admit that they’re worried about his deteriorating mental acuity and unending stream of gaffes but still support him because he’s the best choice among a motley crew of lackluster Democrat candidates.
Author Raymond Arroyo, a Fox News contributor, interviewed Biden supporters at a recent rally, where he asked: “There are a lot of stories emerging about the mental acuity of Joe Biden — people worried about his recall and slippage of facts. Does that concern you in a debate situation?”
Many voters said it did concern them. One man said: “I wish he was younger, but he’s the best we got.”
Read more at: ‘He’s the best we got’: Biden supporters admit his mental fitness has them on edge
Author Raymond Arroyo, a Fox News contributor, interviewed Biden supporters at a recent rally, where he asked: “There are a lot of stories emerging about the mental acuity of Joe Biden — people worried about his recall and slippage of facts. Does that concern you in a debate situation?”
Many voters said it did concern them. One man said: “I wish he was younger, but he’s the best we got.”
Read more at: ‘He’s the best we got’: Biden supporters admit his mental fitness has them on edge
9/14/19
Eurozone Economy: the shadow of recession deepens over the Eurozone - by John Weeks
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