World News Story World Bank Economist Financial Crisis Could Emerge From Pandemic
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World Bank warns developing world 'not out of danger' as debt costs hit record
The gap between developing nations' debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use ... Read More
Chinese Economist Issues Dire Warning Over Debt Crisis
A top Chinese economist has issued a warning over the risks of overreliance on stimulus for short-term growth, including driving debt to unsustainable levels. Newsweek has contacted China's Foreign ... Read More
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