It’s hard to imagine a more chaotic world than the one we’re in right now—what with Russia’s war on Ukraine, a Covid-19 pandemic that won’t quit and the lockdowns spreading across China as a result. Now, add to the mix a debt crisis that’s threatening to cripple emerging markets. In the words of a former International Monetary Fund official earlier this month, “We can see this train wreck coming towards us.”

Washington-based reporter Eric Martin explores a burgeoning economic crisis in the developing world, one exacerbated by the debt loads assumed by low-income nations as they try to cope with the coronavirus. In Tunis, a mother of two children relates how she comes away empty-handed when out searching for sugar and oil; and in Rio de Janeiro, a market vendor shares his struggle to buy vegetables in a nation with 12% inflation. All told, 60% of low-income countries are in debt distress or at high risk of it, according to the World Bank. 

In a follow-up discussion on the crisis, Tim Adams, chief executive of the Institute of International Finance, tells host Stephanie Flanders about the particular risks facing Turkey and Egypt, both heavily dependent on food imports and reeling from fallout from the war. Finally, in a dispatch from France, reporters share why President Emmanuel Macron has precious little time to celebrate his victory over far-right opponent Marine Le Pen.

It&rsquo;s hard to imagine a more chaotic world than the one we&rsquo;re in right now&mdash;what with Russia&rsquo;s war on Ukraine, a Covid-19 pandemic that won&rsquo;t quit and the lockdowns spreading across China as a result. Now, add to the mix a debt crisis that&rsquo;s threatening to cripple emerging markets. In the words of a former International Monetary Fund official earlier this month, &ldquo;We can see this train wreck coming towards us.&rdquo;
Washington-based reporter Eric Martin explores a burgeoning economic crisis in the developing world, one exacerbated by the debt loads assumed by low-income nations as they try to cope with the coronavirus. In Tunis, a mother of two children relates how she comes away empty-handed when out searching for sugar and oil; and in Rio de Janeiro, a market vendor shares his struggle to buy vegetables in a nation with 12% inflation. All told, 60% of low-income countries are in debt distress or at high risk of it, according to the World Bank.&nbsp;
In a follow-up discussion on the crisis, Tim Adams, chief executive of the Institute of International Finance, tells host Stephanie Flanders about the particular risks facing Turkey and Egypt, both heavily dependent on food imports and reeling from fallout from the war. Finally, in a dispatch from France, reporters share why President Emmanuel Macron has precious little time to celebrate his victory over far-right opponent Marine Le Pen.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

The Looming Debt Crisis About to Make Everything Worse

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/59bb663a-d80b-4b74-a309-ae84017a4339/transcript

Advertisement