2022-07-27 13:10:03

Economist Jayati Ghosh: Global Debt Crisis Is Perfect Storm of Unrest, Economic Disaster, Starvation

Democracy Now! look at the looming possibility of a global recession amid rising inflation, the pandemic, and the Russian war in Ukraine. World financial institutions and wealthier countries should take stronger actions, such as writing off debts crippling developing nations, says Jayati Ghosh, an economics professor at the University of Massachusetts Amherst. “This is just a complete lack of political will. It’s not because we don’t know what to do.” Her piece in The Guardian is headlined, “There is a global debt crisis coming — and it won’t stop at Sri Lanka.” She also discusses other countries on the brink of an economic collapse, including Pakistan, Nepal, Nigeria, Ethiopia, Panama, and Argentina.

Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González. Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues. 

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#democracynow Argentina Ethiopia Jayati Ghosh Nepal Nigeria Pakistan Panama rising inflation Russian war Sri Lanka Ukraine University of Massachusetts Amherst

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