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

What musicians like Grimes can teach us about AI
Technology Opinion

What musicians like Grimes can teach us about AI

Humans aren’t powerless in the face of automation.

In defence of Mariah Carey’s Christmas tyranny
Bloomberg

In defence of Mariah Carey’s Christmas tyranny

Despite the scorn, there’s a reason the song’s become part of the holiday tradition.

Bloomberg 04 Dec 2023
Slowdown in luxury sector may widen Xmas present choices
Bloomberg

Slowdown in luxury sector may widen Xmas present choices

Now could be a good time to put some bling under the tree.

Bloomberg 03 Dec 2023
The watery appeal to home buyers in Europe's empty villages
Bloomberg

The watery appeal to home buyers in Europe's empty villages

The changing climate could create upheavals in living in these days of remote work.

Bloomberg 02 Dec 2023