An unprecedented series of interest rate hikes have precipitated fears of a debt crisis in a world addicted to cheap money for 20 years. ·
The world has added more than $50 trillion to its debt since 2018. ·
As interest rates rise, while economic growth slumps, it is becoming harder for household, companies and even nations to pay interest on loans and borrow anew. ·
Worth watching our video “Special: Global Debt Crisis Beckoning!” to put things in context.
- Emerging Markets, including Turkey are primate candidates for debt crises.
- Is Turkey headed for a debt crisis?
- Real Turkey Channel argues that Turkey could witness not ONE, but three sequential debt crises.
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