The FT said that six emerging economies, including Zambia, have already declared default.

The FT said that six emerging economies, 강남룸살롱 including Zambia, have already declared default. "The Korona 19 response has damaged the economy and increased the poor," Zambia President Edgar Longgu said in an online speech to the United Nations in September. "The government of Zambia is asking for intervention from around the world." The impact of Corona 19 on emerging economies is confirmed by the graph below. 서울룸살롱 The graph, mentioned in the IIF report, clearly reveals the differences between emerging and developed countries. Looking at how governments spend their tax revenues, or tax revenues, the rate of emerging economies spending on repaying government bonds was higher this year. This means that they are struggling to pay off their debts. Lewis Ongans, who is in charge of research and analysis of emerging markets at investment bank JP Morgan, expressed concern to FT, saying, "If debt increases like now, 수원룸살롱 emerging economies will face a bigger slump as zombie companies and zombie banks will overflow."