Money Talks: Fragile economies
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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