SOGEI website background

Things to watch in 2019: Debt and emerging debt crises (part 1 and 2)

Things to watch in 2019: Debt and emerging debt crises (part 1 and 2)

More than a decade after the last global financial crisis hit, the next wave of defaults is lapping at our shores. Financing conditions will become more difficult in 2019. The world’s major central banks ‘normalised’ their monetary policies last year, meaning that the times of cheap and abundant credit are over.

Both public and private actors that borrowed heavily in recent years are finding it increasingly hard and costly to refinance their sky-high debt stocks. The number of countries at high risk of debt distress is increasing. In this overview of 2019, we look at the key crises that are threatening economies around the globe, and which countries are likely to be hit hardest […]