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Allianz: Emerging markets debt distress to rise in 2 years

Allianz says it expects debt distress in Emerging Markets and Low-income Developing Countries to increase in the next two years and further sovereign downgrades as well as some defaults. It also notes that with the debt-service costs rising to as high as 13.7 per cent, low-income countries will need a minimum of $450 billion in order to step up their spending response to Covid-19. Ludovic Subran, Chief Economist at Allianz joins CNBC Africa for more.
Fri, 03 Sep 2021 11:51:12 GMT
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