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3min chapter
Unraveling the recent sovereign default wave
Moody’s Talks – The Big Picture
Introduction
Exploring the recent wave of sovereign defaults post-pandemic, with 20 countries defaulting on their debt since 2020 and geopolitical risks contributing to the highest rate since 1983. The chapter discusses the reasons behind these defaults, including global interest rate increases, geopolitical tensions, and the challenge of foreign currency debt.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode