Exposed To Higher Interest Rates Are:
- Egypt
- Turkey
- Pakistan
- Qatar
- Argentina
CREDIT ratings agency S&P Global has revealed its list of the five most vulnerable countries that will suffer under rising interest rates across the globe.
After around a decade of ultra-low interest rates around the world following the financial crash the tide is now turning and central banks are now either reviewing their policy of loose monetary policy or starting to cautiously raise rates in an attempt to head off any early signs of inflationary pressures.
S&P Global have now released what they dub the new “fragile five” – the countries that are most at risk of rising interest rates.
According to the agency the emerging markets of Turkey, Argentina, Pakistan, Egypt, and Qatar are likely to suffer the most as the cost of borrowing rises.
Moritz Kraemer, S&P Global’s managing director and sovereign global chief rating officer, said in a report on Monday, monetary conditions are “exceptionally accommodative” and, for some emerging markets, “the funding environment is now the most benign in living memory.”
My Note: Anguish, pain, poverty and hardship, all inflicted, directely or indirectly on Ethiopians by five of the many nations across the continents. Life did let the nations of Egypt,Turkey,Pakistan,Qatar and Argentina (Italians) get away with their ignorance and stupdiity for a while, but sooner or later, they will pay the price.
Addis Ethiopia Weblog 