World bank warns massive debt wave could crash on developing countries

Discussion in 'Economy' started by MindWars, Dec 20, 2019.

  1. MindWars
    Offline

    MindWars Diamond Member

    Joined:
    Oct 14, 2016
    Messages:
    39,794
    Thanks Received:
    9,189
    Trophy Points:
    1,340
    Ratings:
    +38,789
    Yahoo – A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday. And if the wave breaks, it could be more damaging since it would engulf private companies in addition to governments, at a time when economic growth is sluggish, according to a new report that covers four debt surges from 1970-2018. “The size, speed, and breadth of the latest debt wave should concern us all,” World Bank President David Malpass said in a statement. “Clearly, it’s time for course corrections,” he added.

    World Bank warns Massive debt wave could crash on developing countries


    Crashing us won't be hard but to make iit look like it's Trump's fault oh these leftist pigs foam at the mouth thinking of ways to blame him. HONEYEEEE THESE SOB'S HAVE HAD THIS COUNTRY IN THE HOLE LONG BEFORE TRUMP OR OBAMA, BUSH INCLUDED.
     
  2. Likkmee
    Offline

    Likkmee Gold Member

    Joined:
    Aug 24, 2015
    Messages:
    6,576
    Thanks Received:
    532
    Trophy Points:
    195
    Ratings:
    +3,274
    It already did.
     
  3. Bo Didleysquat
    Offline

    Bo Didleysquat Senior Member

    Joined:
    Oct 10, 2019
    Messages:
    4,072
    Thanks Received:
    204
    Trophy Points:
    50
    Ratings:
    +1,439
    Yes, they use this type of thing to economically rule and then steal resources all the time.
     

Share This Page