From Sri Lanka to Pakistan, El Salvador to Ghana, Egypt to Tunisia, some emerging economies are feeling the pain of rising commodity prices, higher interest rates and a strong dollar. Is a wave of historic debt defaults coming for emerging markets?On this week’s episode, hosts Soumaya Keynes, Mike Bird, and Alice Fulwood continue their exploration of the impact of the strong dollar. First, Kroll chief economist Megan Greene explains which countries she thinks are most vulnerable. Then, a look at what was behind the Latin American debt crisis of the 1980s, which led to an economic downturn more severe than the Great Depression. Finally, our trade and economics editor Ryan Avent says that many nations have learned lessons from past crises that could help them weather this difficult period.
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[Opinion] #GlobalEconomy: Economics in the new age of national security. The growing geopolitical and economic split between the #US and #China should prompt a paradigm shift in economic thinking, according to @rabah_arezki | Project Syndicate
Economics in the New Age of National Security | by Rabah Arezki - Project Syndicate
Rabah Arezki thinks the global economy’s increasing fragmentation should prompt a paradigm shift in the discipline.
[Featured] #Eurozone: Investors ramp up bets against euro as #EnergyCrisis intensifies. Net short positions hit their highest levels since the start of the pandemic | Financial Times https://www.ft.com/content/8ffc366e-7217-41bb-b347-ef461f8a02f8
#EnergyCrisis: #Berlin, #Brussels join calls for ‘fundamental reform’ of EU power market. The German government said it was looking at decoupling gas and electricity markets as a way to curb rising power prices in Europe, by @NKurmayer | Euractiv
Berlin, Brussels join calls for 'fundamental reform' of EU power market
The German government on Friday (26 August) said it was looking at decoupling gas and electricity markets as a w...