The Looming Debt Crisis About to Make Everything Worse
It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lockdowns spreading across China as a result. Now, add to the mix a debt crisis that’s threatening to cripple emerging markets. In the words of a former International Monetary Fund official earlier this month, “We can see this train wreck coming towards us.”
Washington-based reporter Eric Martin explores a burgeoning economic crisis in the developing world, one exacerbated by the debt loads…
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