"The #IMF also forecast that #Spain would become 7% richer than #Italy over the next five years. A decade ago Italy was 10% richer on the same basis."
Is Italy really on the verge of #collapse, like the #mainstream media portray?
#europe #wealth #latestagecapitalism #economy #eurozone #italia #classwar #wellbeing
Isn't #Africa following the example of Trump and conservatives in #MAGA?
The US is noteable as the only #developednation increasing its #debt burden, while all others are cutting theirs -- in some cases dramatically.
Make Africa Great Again!
#fiscal #austerity #budget #economy #finance #developingnation #wealth #banks #credit #bailout
Sub-Saharan #Africa is slipping into a new debt crisis, with 40% of the region’s countries now at high risk of debt distress -- double the proportion of five years ago.
Chad, South Sudan, the Republic of Congo and Mozambique moved into "debt distress" in 2017, the IMF said, which means they have defaulted or cannot service their debts.
#debt #capitalism #latestagecapitalism #developingnation #economy #wealth_of_nations
https://www.ft.com/content/baf01b06-4329-11e8-803a-295c97e6fd0b