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Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis

FT News Briefing

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Emerging Markets in Debt Distress: A Modern Crisis

This chapter delves into the challenges of emerging markets, focusing on Argentina's debt crisis and the impact of pandemic-related creditor dynamics. It also examines similar struggles in countries like Zambia, Ecuador, and Rwanda, while drawing historical parallels to the Latin American debt crisis of the 1980s.

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