How Sri Lanka’s Financial Crisis Could Become the World’s
As the US, UK and other wealthy nations grouse about the prospect of stagflation and risk of recession, people in some emerging nations are facing more perilous questions about how to find medicine to stay alive. A financial crisis gripping Sri Lanka’s 23 million people threatens to spread across the developing world and sweep up hundreds of millions more.
This week, we explore profoundly different economic climates. The first are emerging markets exemplified by Sri Lanka and burdened with pandemic-related debt, double-digit inflation and food shortages; the second is Qatar, an already rich…
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