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The COVID-19 crisis built up indebtedness and increased external financing needs in low-income countries
(16.11.2021)
Bank of Finland Bulletin. Analysis
Bank of Finland Bulletin. Analysis
The shock of the COVID-19 pandemic and the associated deterioration in the economic outlook has exacerbated solvency concerns and increased the risks of debt restructurings in low-income countries (LICs). Financing conditions ...
Rising indebtedness increases risks in China
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
The total amount of public and private debt in China has increased rapidly since the financial crisis. The country’s debt-to-GDP ratio has already reached the level seen in many advanced economies. The rapid rise in debt ...