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Massive Debt Wave Could Crash On Developing Countries, World Bank Warns

Massive Debt Wave Could Crash On Developing Countries, World Bank Warns

Saturday, December 21, 2019, 8:09 AM

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, World-Bank warned. 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.
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