Sri Lanka’s collapse: a historic cascade of defaults coming for emerging markets

Sri Lanka’s collapse: a historic cascade of defaults coming for emerging markets
Sri Lankan police officers guard the central police station in Colombo as the country suffers a sovereign debt crisis. (Image: Getty)
Bloomberg
(Bloomberg) -- Emerging markets are under pressure from rising debt, slowing growth and soaring yields. Russia’s first-in-a-century external default, coming hard on the heels of Sri Lanka’s failure to pay, has contributed to the sense of impending crisis. Who might be next? Bloomberg Economics’ scorecard finds El Salvador, Ghana, Egypt, Tunisia and Pakistan to be the most vulnerable. A quarter-trillion dollar pile of distressed debt is threatening to drag the developing world into a historic cascade of defaults....

More Bloomberg

Big Tech ‘acquihiring’ is an ugly but useful trend
Technology Opinion

Big Tech ‘acquihiring’ is an ugly but useful trend

Sometimes actions lead to unintended consequences.

Bloomberg 19 Jul 2025
New York and other American cities need immigrants
Politics Opinion

New York and other American cities need immigrants

Suddenly overrun by foreign residents? Nonsense! They've been here all along.

Bloomberg 13 Jul 2025
Firm wants to make purchasing cannabis super easy
Retail

Firm wants to make purchasing cannabis super easy

Verano invites shoppers to grab a basket and get their pot direct off the shelf.

Bloomberg 29 Jun 2025