A wave of state bankruptcies is looming, IMF and World Bank leaders warn. High interest rates are to blame
The post-pandemic recovery has brought about a dramatic rise in prices around the world. The IMF now predicts that consumer prices will jump 8.7 percent this year in emerging and developing economies and 5.7 percent in advanced economies, the highest since 1984. The leaders of the International Monetary Fund (IMF) and the World Bank (WB) … Read more