Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.

by BoatSurfer600

Source: www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/

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— Win Smart, CFA (@WinfieldSmart) July 16, 2022

Historic cascade of defaults coming for Emerging Markets. Sri Lanka, where protesters stormed presidential palace, was 1st nation to stop paying its bondholders. Russia followed in Jun. El Salvador, Ghana, Egypt, Tunisia, Pakistan particularly vulnerable. t.co/KYF8uxGiWD pic.twitter.com/tbu8PJ8Jwb

— Holger Zschaepitz (@Schuldensuehner) July 10, 2022