July 28, 2022Emerging Economies
Struggling to make ends meet as inflation and interest rates climb, many emerging markets will have to pursue difficult debt restructuring with international creditors.
November 28, 2017Economics
The global economy will confront serious challenges in the months and years ahead, and looming in the background is a mountain of debt that makes markets nervous—and that thus increases the system's vulnerability to destabilizing shocks. Yet the baseline scenario seems to be one of continuity, with no obvious convulsions on the horizon.