DW News published this video item, entitled “Is the great global debt default coming? | Business Beyond” – below is their description.
More than half of the world’s low-income countries are dangerously close to debt distress – if they’re not there already. The example of Sri Lanka has shown the social unrest that defaulting on debt can trigger, a people are forced to go without essential imports. In this edition of Business Beyond, we’ll talk about how compound crises like the pandemic and the looming recession may push deeply indebted countries over the edge – and what the world can do to keep that from happening.
DW News YouTube Channel
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