2023-06-07 19:22:32
“The global economy is in bad shape. Blame it on an extraordinary series of violent economic shocks and serious policy miscalculations.” Indermit Gill, chief economist of the World Bank, does not go overboard when he recalls the responsibility of central banks, “especially those in advanced economies”, in reducing the risk “of disruptive contagion on the markets global financial institutions”, those of developing and emerging countries in the first place. The implication: they largely contributed to creating this risk.
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#Developing #countries #threatened #rising #rates
