Global Outlook: should emerging countries worry about their rising debt pile-ups?

Article tags EconomyFinancial ServicesForecastingPoliticsGlobalCountry Analysis

In the EIU’s latest global outlook video, Agathe Demarais, Robert Wood and Benedict Craven discuss debt dynamics in emerging countries, with a specific focus on Latin America and Africa.

Debt levels in Africa have surged in the last two years. The EIU expects public debt levels to surge to 57.5% of GDP in the region by end-2021, a rise of ten percentage points from 2019. Principal economist for the Middle East and Africa, Benedict Craven, examines the reasons for the rise in debt levels, why the outlook will become more positive from 2022 and the long-term risks for commodity-dependent economies.

Well before the coronavirus pandemic, Latin America has long been a region synonymous with debt crises. Principal economist for Latin America, Robert Wood, discusses the outlook for fiscal and debt consolidation in 2022 and takes a closer look at the situation in Brazil, the region’s largest economy.

To find out more about the political, policy and economic outlook in these countries, check out our country analysis and five-year forecasts. With detailed reports available for more than 190 countries around the world, our insights provide truly global coverage to help you to prepare for what’s ahead.

Fri, 24th Sep 2021 Article tags EconomyFinancial ServicesForecastingPoliticsGlobalCountry Analysis