Why is An economic perfect storm is battering emerging markets. Debt crises loom from NPR the first I have heard of this? I would think this makes the US economy healthier. So Biden is doing a good job making American businesses more profitable?
The U.S. dollar strengthened to a 20-year high against a collection of foreign currencies this week, spelling more trouble for heavily indebted smaller nations around the world. The stronger dollar makes payments on loans owed in U.S. currency more expensive. This comes as some lower-income countries face mounting economic problems and others — including Sri Lanka, Lebanon and Zambia — have already defaulted on their international debts.
sch 9/2/22
No comments:
Post a Comment
Please feel free to comment