An increasing number of countries could default on their debt in the coming 12-18 months as governments globally increase spending to limit the economic damage from the coronavirus pandemic, said Simon Baptist, global chief economist at The Economist Intelligence Unit."Across the emerging world, I'll pick out countries like South Africa and Brazil as being likely to suffer a further crisis as a result of this," he added.
A worker carries out sanitation operations for the Coronavirus emergency in Piazza dei Miracoli near to the Tower of Pisa in a deserted town on March 17, 2020 in Pisa, Italy.An increasing number of countries could default on their debt in the coming 12-18 months as governments globally increase spending to limit the economic damage from the coronavirus pandemic, an economist said on Wednesday.
Took an economist to forecast this one....
More like CoronaCrisis. This is how the wake of the WWIII looks like. The inevitable logic of the evolution of capitalism...
Can’t they just print money like the fed?
And who would they be “defaulting “ the FED - and who owns the fed - screw the fed and those Pompass twats behind it
That's the plan.
Which is probably why it “randomly” showed up in the US and Europe the most. We were attacked.
The virus just speed things up... But debt is a love drug for majority of countries... Look at last 12 years of cheap money... But f.. k it... A system create by humans cant destroy humanity... Destroy this shity virus and print money
Wrong. Government did this, not a virus.
Why doesn’t every country just forgive all debts this year? Clean slate.
They thought Boris Johnson was a fool for Brexit. Looks like he saved the Pound Sterling just in time.
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